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Margin of error=0.04

Confidence level=99%

Educated guess=0.3

(a) Obtain a sample size that will ensure a margin of error of at most the one specified (provided of course that the observed value of the sample proportion is further from 0.5that of the educated guess.

(b). Compare your answer to the corresponding one and explain the reason for the difference, if any.

Short Answer

Expert verified

(a) The required sample size is 1,037.

(b) The sample size obtain in part a is smaller when compared to the sample size obtained in 11.36because in part a the educated guess 0.25is used which provides the more accurate sample, whereas in 11.36the constant 0.25is used which provides the larger sample.

Step by step solution

01

Part (a) Step 1: Given information

Margin of error=0.04

Confidence level=99%

Educated guess =0.5

02

Part (a) Step 2: Explanation

When the margin of error is 0.04and the confidence level is 99%, calculate the sample size.

With a 99%confidence level, the required value of za2from table areas under the standard normal curve is 2.575.

The sample size is

n=0.25za2E2

=0.252.5750.042

=0.25(4,144.1)

=1,036.025

≈1,037.

03

Part (b) Step 1: Given information

Margin of error=0.04

Confidence level=99%

Educated guess=0.5

04

Part (b) Step 2: Explanation

When the margin of error is 0.04and the confidence level is 99%, calculate the sample size.

With a 99%confidence level, the required value of za2from table areas under the standard normal curve is 2.575.

The sample size is

n=0.25zα¯E2

=0.252.5750.042

=0.25(4,144.14)

=1,036.04

≈1,037.

The sample size obtain in part a is smaller when compared to the sample size obtained in 11.36. because in part a the educated guess 0.25is used which provides the more accurate sample, whereas in 11.36the constant0.25 is used which provides the larger sample.

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