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If you wish to estimate a population mean with a sampling error of SE = .3 using a 95% confidence interval, and you know from prior sampling that 2is approximately equal to 7.2, how many observations would have to be included in your sample?

Short Answer

Expert verified

Sample of size n=18 observations Is required.

Step by step solution

01

Given information

The sampling error is 0.3, level of significance is 5% and 2=7.2.

02

Finding the sample size

SE=0.3,=0.05,and2=7.2

The standard deviation is,

=7.2=2.6833

The sample size required obtained by,

z2n=SEn=z2SE2n=z0.0252.68330.3n=1.9602.68330.3FromStandardNormalTablen=5.25930.3n=17.531n18

Therefore, 18 observations have to be included in the sample.

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