Math Problem Statement
You want to estimate the proportion of voters who will vote for Candidate X. From prior polls you know that the population proportion is no larger than 0.40 (that is, Candidate X has never polled higher than 40%). If you want a 95% confidence interval estimate of the true population proportion, with a margin of error no greater than 0.03, what minimum sample size is required?
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Population Proportion
Confidence Interval
Margin of Error
Formulas
n = (Z^2 * p * (1 - p)) / E^2
Theorems
Central Limit Theorem
Suitable Grade Level
College/University Level
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