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:

n=Z2p(1p)E2n = \frac{{Z^2 \cdot p(1 - p)}}{E^2}

Where:

  • ZZ is the z-score corresponding to the desired confidence level.
  • pp is the estimated population proportion (if unknown, use 0.5 as it maximizes the sample size).
  • EE is the margin of error (in decimal form).

Step 1: Identify the parameters

  • Confidence level = 98%, so the corresponding z-score Z=2.33Z = 2.33 (you can find this from z-tables or standard normal distribution).
  • Margin of error E=1.5%=0.015E = 1.5\% = 0.015.
  • Since no preliminary estimate of the population proportion is available, use p=0.5p = 0.5.

Step 2: Plug the values into the formula

n=(2.33)20.5(10.5)(0.015)2n = \frac{{(2.33)^2 \cdot 0.5(1 - 0.5)}}{(0.015)^2}

Step 3: Calculate

n=(5.4289)0.5(0.5)0.000225n = \frac{{(5.4289) \cdot 0.5(0.5)}}{0.000225} n=5.42890.250.000225n = \frac{{5.4289 \cdot 0.25}}{0.000225} n=1.3572250.000225n = \frac{{1.357225}}{0.000225} n6021.0n \approx 6021.0

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:

  1. What if the margin of error was reduced to 1%? How would it affect the sample size?
  2. How is the z-score for different confidence levels determined?
  3. What if you had a preliminary estimate of the population proportion? How would the calculation change?
  4. How would a larger or smaller confidence level affect the required sample size?
  5. Why do we use p=0.5p = 0.5 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