A political candidate has asked you to conduct a poll to determine what percentage of people support him. If the candidate only wants a 1% margin of error at a 95% confidence level, what size of sample is needed?
Solution:
Given that,
= 0.5
1 - = 1 - 0.5 = 0.5
margin of error = E = 1% = 0.01
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.960
Sample size = n = ((Z / 2) / E)2 * * (1 - )
= (1.960 / 0.01)2 * 0.5 * 0.5
= 9604
n = sample size =9604
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