Questions: Find the sample size needed to estimate the population mean within 0.60, given sigma= 4 :
(a) using a confidence level of 90%
(b) using a confidence level of 96%
Remember to round up to an integer.
(a) at the 90% confidence level n=
(b) at the 96% confidence level n=
Transcript text: Find the sample size needed to estimate the population mean within $\$ 0.60$, given $\sigma=\$ 4$ :
(a) using a confidence level of $90 \%$
(b) using a confidence level of $96 \%$
Remember to round up to an integer.
(a) at the $90 \%$ confidence level $\mathrm{n}=$ $\square$
(b) at the $96 \%$ confidence level $\mathrm{n}=$ $\square$
Solution
Solution Steps
Step 1: Determine the Z-Score for the Confidence Level
For a confidence level of \(90\%\), the Z-score is calculated as follows:
\[
Z = \text{PPF}\left(1 - \frac{1 - 0.9}{2}\right) = \text{PPF}(0.95) = 1.6449
\]
Step 2: Calculate the Sample Size for 90% Confidence Level
Using the Z-score, the sample size \(n\) is determined by the formula:
\[
n = \left(\frac{Z \cdot \sigma}{\text{Margin of Error}}\right)^2
\]
Substituting the values:
\[
n = \left(\frac{1.6449 \cdot 4}{0.6}\right)^2 = 120.2464 \approx 121
\]
Step 3: Determine the Z-Score for the Confidence Level
For a confidence level of \(96\%\), the Z-score is calculated as follows:
\[
Z = \text{PPF}\left(1 - \frac{1 - 0.96}{2}\right) = \text{PPF}(0.98) = 2.0537
\]
Step 4: Calculate the Sample Size for 96% Confidence Level
Using the Z-score, the sample size \(n\) is determined by the formula:
\[
n = \left(\frac{Z \cdot \sigma}{\text{Margin of Error}}\right)^2
\]
Substituting the values:
\[
n = \left(\frac{2.0537 \cdot 4}{0.6}\right)^2 = 187.4615 \approx 188
\]