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Suppose you wish to estimate a population mean correct to within .20 with probability equal to .90. You do not know 2, but you know that the observations will range in value between 30 and 34.

a. Find the approximate sample size that will produce the desired accuracy of the estimate. You wish to be conservative to ensure that the sample size will be ample to achieve the desired accuracy of the estimate. [Hint: Using your knowledge of data variation from Section 2.6, assume that the range of the observations will equal 4.]

b. Calculate the approximate sample size, making the less conservative assumption that the range of the observations is equal to 6.

Short Answer

Expert verified

a. The approximate sample size that will produce the desired accuracy of the estimate is 68.

b. The approximate sample size that will produce the desired accuracy of the estimate is 31.

Step by step solution

01

Given information

The standard error is 0.20 with a probability equal to 0.90

Here, 2is not known, but the observations will range in value between 30 and 34.

02

Finding the approximate sample size

a.

The range of the observations will equal 4

Range4

Range=Maximumvalue-Minimumvalue4=34-30=44=1

The sample size is,

z2n=SEn=z2SE2n=z0.0510.22n=1.64510.22FromStandardNormalTablen=2.7060250.04n=67.650635n68

Hence, the approximate sample size that will produce the desired accuracy of the estimate is 68.

03

Finding the approximate sample size

b.

The range of the observations will equal 6

Range6

Range=Maximumvalue-Minimumvalue6=34-30=46=0.6667

The sample size is,

z2n=SEn=z2SE2n=z0.050.66670.22n=1.6450.66670.22FromStandardNormalTablen=1.20280.04n=30.07n31

Hence, the approximate sample size that will produce the desired accuracy of the estimate is 31.

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