Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
Answer:
A sample size of 1068 is required.
Step-by-step explanation:
In a sample with a number n of people surveyed with a probability of a success of [tex]\pi[/tex], and a confidence level of [tex]1-\alpha[/tex], we have the following confidence interval of proportions.
[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]
In which
z is the zscore that has a pvalue of [tex]1 - \frac{\alpha}{2}[/tex].
The margin of error is:
[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]
95% confidence level
So [tex]\alpha = 0.05[/tex], z is the value of Z that has a pvalue of [tex]1 - \frac{0.05}{2} = 0.975[/tex], so [tex]Z = 1.96[/tex].
CBS wishes to have 95% confidence and a margin of error in its estimate of ±0.03. What sample size is required?
We need a sample size of n, and is found when M = 0.03.
We dont have an estimate for the true proportion, so we use [tex]\pi = 0.5[/tex], which is when the largest sample size will be needed.
[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]
[tex]0.03 = 1.96\sqrt{\frac{0.5*0.5}{n}}[/tex]
[tex]0.03\sqrt{n} = 1.96*0.5[/tex]
[tex]\sqrt{n} = \frac{1.96*0.5}{0.03}[/tex]
[tex](\sqrt{n})^2 = (\frac{1.96*0.5}{0.03})^2[/tex]
[tex]n = 1067.1[/tex]
Rounding up,
A sample size of 1068 is required.
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.