Questions: SAT scores are distributed with a mean of 1,500 and a standard deviation of 300. You are interested in estimating the average SAT score of first year students at your college. If you would like to limit the margin of error of your 95% confidence interval to 25 points, how many students should you sample?
Transcript text: SAT scores are distributed with a mean of 1,500 and a standard deviation of 300. You are interested in estimating the average SAT score of first year students at your college. If you would like to limit the margin of error of your $95 \%$ confidence interval to 25 points, how many students should you sample?
Solution
Solution Steps
Step 1: Given Information
We are given the following parameters for the SAT scores:
Population mean (\( \mu \)) = 1500
Population standard deviation (\( \sigma \)) = 300
Desired margin of error (\( E \)) = 25
Confidence level = 95%, which corresponds to a Z-score (\( Z \)) of approximately 1.96.
Step 2: Margin of Error Formula
The margin of error for a confidence interval for a population mean is given by the formula:
\[
E = Z \times \frac{\sigma}{\sqrt{n}}
\]
Where:
\( E \) is the margin of error,
\( Z \) is the Z-score,
\( \sigma \) is the population standard deviation,
\( n \) is the sample size.
Step 3: Rearranging the Formula
To find the required sample size (\( n \)), we can rearrange the formula:
\[
n = \left( \frac{Z \times \sigma}{E} \right)^2
\]
Step 4: Substituting Values
Substituting the known values into the rearranged formula:
\[
n = \left( \frac{1.96 \times 300}{25} \right)^2
\]