Math Problem Statement
Solution
The problem in the image is asking for the minimum sample size needed for a statistical estimate. The given details are:
- The population standard deviation (σ) is 29 minutes.
- The desired margin of error (E) is 3 minutes.
- The confidence level is 95%, which corresponds to a Z-score of 1.96 (from the standard normal distribution).
The formula for determining the minimum sample size for estimating the mean is:
Where:
- is the Z-score (1.96 for a 95% confidence level),
- is the population standard deviation (29 minutes),
- is the margin of error (3 minutes).
Let's calculate this now.The minimum sample size required is 359 to ensure the estimate of the mean shopping time is within 3 minutes of the true mean with 95% confidence.
Do you want further details or have any questions?
Here are 5 related questions to expand on this concept:
- What happens to the required sample size if we reduce the margin of error to 2 minutes?
- How does increasing the confidence level to 99% affect the sample size?
- Why do we use a Z-score of 1.96 for a 95% confidence level?
- Can the sample size formula be used if the population standard deviation is unknown?
- How would the sample size change if the population standard deviation were 35 minutes instead of 29?
Tip: Always round up when calculating sample size, as you can't collect a fraction of a participant.
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Sample Size Estimation
Formulas
n = (Z * σ / E)^2
Theorems
Central Limit Theorem
Standard Normal Distribution (Z-score)
Suitable Grade Level
College-level Statistics
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