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13 November, 01:25

We are interested in conducting a study to determine the percentage of voters of a state would vote for the incumbent governor. what is the minimum sample size needed to estimate the population proportion with a margin of error of. 05 or less at 95% confidence? hint: use a planning proportion of p*=0.50

a. 200.

b. 100.

c. 385.

d. 58.

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Answers (1)
  1. 13 November, 02:04
    0
    Finding the sample size for estimating a population proportion.

    The formula is:

    n = (z/m) ^2 p~ (1-p~)

    where:

    Z is the z value of the confidence level where 95% is equal to 1.96

    M is the margin of error where 0.05

    And p~ is the estimated value of the proportion where it is 0.50

    Solution:

    n = (1.96/0.05) ^2 (0.5) (1-0.5)

    = 1.536.64 (0.5) (0.5)

    = 768.32 (0.5)

    = 384.16

    This is the minimum sample size, therefore we should round it up to 385. The answer is letter c.
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