What is the minimum sample size required to estimate a population mean with 90% confidence if the population standard deviation is estimated to be 30 and the desired margin of error is 2?
Solution :
Given that,
standard deviation =
= 30
margin of error = E = 2
At 90% confidence level the z is ,
= 1 - 90% = 1 - 0.90 = 0.10
/ 2 = 0.10 / 2 = 0.05
Z/2
= Z0.05 = 1.645
Sample size = n = ((Z/2
*
) / E)2
= ((1.645 * 30) / 2 )2
= 609
Sample size = 609
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