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you want to create a 99 confidence interval with a margin of error of 25 assuming that the population standard deviation is equal to 1.5 what's the minimum size of the Rams Tampa

Sagot :

Answer:

The minimum sample size is 239.

Step-by-step explanation:

We have that to find our [tex]\alpha[/tex] level, that is the subtraction of 1 by the confidence interval divided by 2. So:

[tex]\alpha = \frac{1 - 0.99}{2} = 0.005[/tex]

Now, we have to find z in the Z-table as such z has a p-value of [tex]1 - \alpha[/tex].

That is z with a pvalue of [tex]1 - 0.005 = 0.995[/tex], so Z = 2.575.

Now, find the margin of error M as such

[tex]M = z\frac{\sigma}{\sqrt{n}}[/tex]

In which [tex]\sigma[/tex] is the standard deviation of the population and n is the size of the sample.

Population standard deviation is equal to 1.5

This means that [tex]\sigma = 1.5[/tex]

Margin of error of 0.25

This means that [tex]M = 0.25[/tex]

What's the minimum size of the sample?

[tex]M = z\frac{\sigma}{\sqrt{n}}[/tex]

[tex]0.25 = 2.575\frac{1.5}{\sqrt{n}}[/tex]

[tex]0.25\sqrt{n} = 2.575*1.5[/tex]

[tex]\sqrt{n} = \frac{2.575*1.5}{0.25}[/tex]

[tex](\sqrt{n})^2 = (\frac{2.575*1.5}{0.25})^2[/tex]

[tex]n = 238.7[/tex]

Rounding up:

The minimum sample size is 239.