If you want to be 95?% confident of estimating the population proportion to within a sampling error of plus or minus0.05 and there is historical evidence that the population proportion is approximately 0.38?, what sample size is? needed?
Solution :
Given that,
= 0.38
1 - = 1 - 0.38 = 0.62
E = 0.05
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96
Sample size = ( Z/2 / E)2 * * (1 - )
= (1.96 / 0.05)2 * 0.38 * 0.62
= 362.03 = 363
Sample size = n = 363
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