Math Problem Statement
A software developer wants to know how many new computer games people buy each year. Assume a previous study found the variance to be 1.69. He thinks the mean is 5.8 computer games per year. What is the minimum sample size required to ensure that the estimate has an error of at most 0.13 at the 90% level of confidence? Round your answer up to the next integer.
Solution
To determine the minimum sample size required for the estimate, we will use the formula for the sample size in estimating a population mean when the population variance is known:
Where:
- is the z-score corresponding to the desired confidence level.
- is the standard deviation of the population.
- is the margin of error.
- is the required sample size.
Step 1: Identify the values
- Confidence level = 90%, so , which gives .
- From the z-score table, the z-score for (i.e., the critical value for a 90% confidence interval) is approximately 1.645.
- Population variance , so .
- Margin of error .
Step 2: Plug values into the formula
Step 3: Round up
Since the sample size must be a whole number, round 270.7025 up to the next integer.
Conclusion:
The minimum sample size required to ensure the estimate has an error of at most 0.13 at the 90% confidence level is 271.
Would you like more details on any step? Feel free to ask!
Here are some related questions:
- What is the relationship between confidence level and margin of error?
- How does increasing the confidence level affect the sample size?
- Why do we use a z-score for calculating sample size?
- Can you explain why the sample size formula involves squaring?
- How does population variance affect the required sample size?
Tip: Higher confidence levels result in larger sample sizes, as they require a more precise estimate of the population parameter.
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Sample Size Estimation
Formulas
n = (Z_{α/2} * σ / E)^2
Theorems
Central Limit Theorem
Properties of the Normal Distribution
Suitable Grade Level
College Level Statistics
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