Math Problem Statement
in a survey of 177 scottish voters, 50 said they would be willing to pay additional taxes in order to restore the affric forest. with no estimate of this proportion is available, find an estimate if the sample size needed so that the 99% confidence interval level will have a margin of error of 0.03.
Solution
To determine the required sample size for a proportion with a specified margin of error and confidence level, we can use the following formula:
Where:
- is the sample size,
- is the z-value corresponding to the confidence level (for 99% confidence, ),
- is the estimated proportion of voters willing to pay additional taxes (which we can estimate from the survey as ),
- is the desired margin of error (given as 0.03).
Step 1: Estimate the proportion
Step 2: Calculate
Step 3: Plug the values into the formula
Step 4: Compute
Thus, the required sample size is approximately 1503 (since the sample size must be a whole number, we round up).
Conclusion:
To ensure a 99% confidence interval with a margin of error of 0.03, a sample size of approximately 1503 voters is needed.
Do you have any questions or want more details?
Here are five related questions for further practice:
- How would the required sample size change if the margin of error was reduced to 0.02?
- What is the impact on sample size if the confidence level is reduced to 95%?
- How can we determine the confidence interval from the data gathered in the original survey of 177 voters?
- What assumptions are we making about the underlying population when using this method to calculate the sample size?
- How would the sample size change if the estimated proportion were higher, say 0.5?
Tip: In sample size calculations, if the initial proportion is unknown, using provides the maximum possible sample size, ensuring a conservative estimate.
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Sample Size Estimation
Proportions
Formulas
n = (Z^2 * p * (1 - p)) / E^2
p = number of successes / sample size
Theorems
Central Limit Theorem
Normal Distribution Theorem
Suitable Grade Level
Undergraduate Level (Statistics or Research Methods)
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