A company that produce soap wants to estimate the mean amount of the excess weight of soap in a “1000-gram” bottle at a 99% confidence. The company knows that the standard deviation of the excess weight in all such soap bottles is 169 grams. How large a sample should the company select so that the estimate is within 1.5 grams of the population mean?
Solution :
Given that,
standard deviation =s = =169
Margin of error = E = 1.5
At 99% confidence level the z is,
= 1 - 99%
= 1 - 0.99 = 0.01
/2 = 0.005
Z/2 = 2.576
sample size = n = [Z/2* / E] 2
n = ( 2.576* 169 / 1.5 )2
n =84233.065
Sample size = n =84233 rounded
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