Math Problem Statement
In a survey, the planning value for the population proportion is p*=.25. How large a sample should be taken to provide a 95% confidence interval with a margin of error of 0.1? Round your answer up to the next whole number.
Solution
To determine the sample size required for a 95% confidence interval with a given margin of error, we can use the following formula for sample size estimation:
Where:
- is the z-value corresponding to the desired confidence level (95% confidence corresponds to a z-value of 1.96),
- is the planning value for the population proportion (0.25 in this case),
- is the margin of error (0.1 in this case).
Now, let's calculate the sample size step-by-step.
Step 1: Plug the values into the formula
Step 2: Simplify the equation
Step 3: Calculate the sample size
Since the sample size must be a whole number, round it up to the next whole number.
Final Answer:
The required sample size is 72.
Would you like a detailed explanation of the steps or have any other questions?
Here are five related questions to consider:
- How does increasing the confidence level affect the sample size?
- What happens to the required sample size if the margin of error decreases?
- How does changing the planning value impact the sample size?
- What is the role of the z-value in determining the sample size?
- How would the sample size formula change for different confidence intervals?
Tip: Always round the calculated sample size up to ensure the margin of error is met.
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Sample Size Estimation
Margin of Error
Formulas
n = (Z_{α/2} * sqrt(p*(1-p)) / E)^2
Theorems
Central Limit Theorem
Normal Distribution
Suitable Grade Level
College/Advanced High School
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