/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 60 The Tennessee Tourism Institute ... [FREE SOLUTION] | 91Ó°ÊÓ

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The Tennessee Tourism Institute (TTI) plans to sample information center visitors entering the state to learn the fraction of visitors who plan to camp in the state. Current estimates are that 35 percent of visitors are campers. How large a sample would you take to estimate at a 95 percent confidence level the population proportion with an allowable error of 2 percent?

Short Answer

Expert verified
The required sample size is approximately 2188.

Step by step solution

01

Understanding the Problem

We need to determine the sample size required to estimate the proportion of visitors who plan to camp with a 95% confidence level, given an allowable error margin of 2% and an estimated proportion of 35%.
02

Identifying the Formula

The formula for sample size \( n \) needed to estimate a proportion with a specified margin of error at a certain confidence level is:\[ n = \left( \frac{Z^2 \cdot p \cdot (1-p)}{E^2} \right)\]where \( Z \) is the z-score for the confidence level, \( p \) is the estimated proportion, and \( E \) is the margin of error.
03

Finding the Z-Score

For a 95% confidence level, the z-score \( Z \) is 1.96. This value corresponds to the standard normal distribution, reflecting the area under the curve for a 95% confidence interval.
04

Substituting Values Into the Formula

Using the values provided: \( p = 0.35 \), \( Z = 1.96 \), and \( E = 0.02 \), substitute them into the formula:\[ n = \left( \frac{1.96^2 \cdot 0.35 \cdot (1 - 0.35)}{0.02^2} \right)\]
05

Performing the Calculations

First, calculate the numerator: \( 1.96^2 = 3.8416 \)\( 0.35 \cdot (1 - 0.35) = 0.2275 \)\( 3.8416 \cdot 0.2275 = 0.87496 \).Then calculate the denominator:\( 0.02^2 = 0.0004 \).Divide the numerator by the denominator: \( n = \frac{0.87496}{0.0004} \approx 2187.40 \).

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Confidence Level
When we talk about the confidence level in statistics, we refer to how certain we are that a sample accurately reflects the entire population. The confidence level is expressed as a percentage, commonly 95% or 99%, meaning there's a 95% or 99% chance that our sample results are close to what we'd find if we checked the whole population.
For example, a 95% confidence level means that if we were to take 100 different samples, 95 of those times, the sample would correctly reflect the overall population. A higher confidence level means more certainty. However, it also requires a larger sample size to maintain the same precision, which can increase study costs or time. In terms of sample size determination, the confidence level is tied directly to the z-score value, which represents how far the data is from the mean in standard deviation units. For example, a 95% confidence level corresponds to a z-score of 1.96.
Margin of Error
The margin of error represents the amount of error that you are willing to accept in your sample's results. It's a way to acknowledge that there can always be a slight difference between the sample and the entire population. Expressed usually as a percentage, a smaller margin of error means your estimate is more likely to be close to the true population value. For example, with a 2% margin of error, we estimate our sample result to be within 2% of the true population value. This margin acts like a buffer around your estimate, showing the range of possible values. However, reducing the margin of error requires increasing the sample size, which may have practical limitations such as increased cost or time for data collection. In sample size calculations, the margin of error is squared in the denominator of the formula to help determine the necessary sample size. This ensures the estimate has an acceptable level of precision.
Population Proportion
Population proportion is a statistical measure that gives us insight into the part of the entire population that exhibits a particular characteristic or trait. It's often expressed as a decimal or percentage. For example, if 35% of visitors to Tennessee plan to camp, the population proportion, p, is 0.35.Knowing the population proportion helps us make predictions about the entire population based on a smaller sample. It's essential for determining sample size as it impacts the variability and reliability of the sample estimate.When planning to take a sample that reflects the population proportion, you often start with an estimated proportion based on past data or assumptions.In the sample size formula, \[ n = \\left( \frac{Z^2 \cdot p \cdot (1-p)}{E^2} \right) \],\( p \) represents the estimated population proportion. The broader the range this estimate covers, the larger the sample needed for accurate estimation.

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