Math Problem Statement

In a survey, the planning value for the population proportion is p* = 0.25. How large a sample should be taken to provide a 95% confidence interval with a margin of error of 0.03? Round your answer up to the next whole number.

Solution

To determine the required sample size nn for a 95% confidence interval with a margin of error of 0.03, we use the formula for the margin of error in estimating a population proportion:

E=Zα/2×p(1p)nE = Z_{\alpha/2} \times \sqrt{\frac{p^*(1 - p^*)}{n}}

Where:

  • EE is the margin of error (0.03 in this case),
  • Zα/2Z_{\alpha/2} is the critical value for a 95% confidence level (which is 1.96),
  • pp^* is the estimated population proportion (0.25),
  • nn is the sample size.

Rearranging the formula to solve for nn:

n=(Zα/2)2×p×(1p)E2n = \frac{(Z_{\alpha/2})^2 \times p^* \times (1 - p^*)}{E^2}

Substituting the known values:

n=(1.96)2×0.25×(10.25)(0.03)2n = \frac{(1.96)^2 \times 0.25 \times (1 - 0.25)}{(0.03)^2} n=(1.96)2×0.25×0.750.0009n = \frac{(1.96)^2 \times 0.25 \times 0.75}{0.0009} n=3.8416×0.25×0.750.0009n = \frac{3.8416 \times 0.25 \times 0.75}{0.0009} n=0.72030.0009800.34n = \frac{0.7203}{0.0009} \approx 800.34

Rounding up to the next whole number, the required sample size is 801.

Would you like further details on this calculation or help with another problem?

Here are some related questions:

  1. How is the critical value Zα/2Z_{\alpha/2} determined for different confidence levels?
  2. How does increasing the confidence level affect the sample size?
  3. What happens if the margin of error is reduced to 0.01?
  4. What if the population proportion estimate pp^* is not known?
  5. How does changing the population size affect sample size calculations?

Tip: Always round the sample size up, as a fractional sample size does not meet the required confidence and margin of error conditions.

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Math Problem Analysis

Mathematical Concepts

Statistics
Sampling
Confidence Intervals

Formulas

E = Z_alpha/2 * sqrt(p*(1 - p*) / n)
n = (Z_alpha/2)^2 * p*(1 - p*) / E^2

Theorems

Central Limit Theorem

Suitable Grade Level

Undergraduate