Math Problem Statement
You want to obtain a sample to estimate a population proportion. At this point in time, you have no reasonable preliminary estimation for the population proportion. You would like to be 98% confident that you estimate is within 1.5% of the true population proportion. How large of a sample size is required?
Solution
To determine the required sample size to estimate a population proportion when you have no preliminary estimate of the population proportion, you can use the following formula for sample size calculation:
Where:
- is the z-score corresponding to the desired confidence level.
- is the estimated population proportion (if unknown, use 0.5 as it maximizes the sample size).
- is the margin of error (in decimal form).
Step 1: Identify the parameters
- Confidence level = 98%, so the corresponding z-score (you can find this from z-tables or standard normal distribution).
- Margin of error .
- Since no preliminary estimate of the population proportion is available, use .
Step 2: Plug the values into the formula
Step 3: Calculate
Thus, the required sample size is approximately 6021.
Conclusion:
To estimate the population proportion with 98% confidence and a margin of error of 1.5%, you would need a sample size of 6021.
Would you like more details or explanations on any part of this solution?
Here are some related questions for further exploration:
- What if the margin of error was reduced to 1%? How would it affect the sample size?
- How is the z-score for different confidence levels determined?
- What if you had a preliminary estimate of the population proportion? How would the calculation change?
- How would a larger or smaller confidence level affect the required sample size?
- Why do we use when no prior estimate is available?
Tip: Always round up your sample size to the next whole number, as partial samples are not possible in real-world scenarios.
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Math Problem Analysis
Mathematical Concepts
Statistics
Estimation
Population Proportion
Confidence Interval
Formulas
n = (Z^2 * p(1 - p)) / E^2
Theorems
Central Limit Theorem
Normal Distribution
Suitable Grade Level
College-level Statistics
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