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Sample Size. In Exercises 29鈥36, find the sample size required to estimate the population mean.

Mean Grade-Point Average Assume that all grade-point averages are to be standardized on a scale between 0 and 4. How many grade-point averages must be obtained so that the sample mean is within 0.01 of the population mean? Assume that a 95% confidence level is desired. If we use the range rule of thumb, we can estimate to be,

=range4=4-04=1

Does the sample size seem practical?

Short Answer

Expert verified

The required sample size is 38416. No, it does not seem practical.

Step by step solution

01

Given information

The results of the testGrade-Point Averageare to be standardized on a scale between 0 and 4. Using the range rule of thumb, the estimated value ofis 1.The confidence level is 95% and it implies that the sample mean is within the 0.01 Grade-Point of the true mean.

02

Describe the determination of sample size

The sample size n for estimating the true population mean can be determined by using the following formula.

n=z2E2...1

Here, E is the margin of error.

03

Find the critical value zα2

The z2is a z-score that separates an area of 2in the right tail of the standard normal distribution.

The confidence level of 95% corresponds to =0.05and2=0.025.

The valuez2has the cumulative area of 1-2.

Mathematically,

Pz<z2=1-2=0.975

From the standard normal table, the area of 0.99 is observed corresponding to the row value 1.9 and column value 0.06, which implies z2is 1.96.

04

Find the required sample size

The sample size is calculated by substituting the values of z2,, and E in equation (1).

n=z2E2=1.9610.012=38416

Thus, with 38416 samples values, you can be95% confident that your sample mean lies within 0.01 Grade-points of the true mean.

05

Conclude that the sample size appears to be practical

The sample size required to estimate the Mean Grade-Point Averageis 38416. The estimated sample size is too large; so the sample size does not seem practical.

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