What is the minimum sample size required to estimate a popul
What is the minimum sample size required to estimate a population mean with 90% confidence when the desired margin of error is D = 1.25? The standard deviation in a preselected sample is 8.5.
Solution
Note that
n = z(alpha/2)^2 s^2 / E^2
where
alpha/2 = (1 - confidence level)/2 = 0.05
Using a table/technology,
z(alpha/2) = 1.644853627
Also,
s = sample standard deviation = 8.5
E = margin of error = 1.25
Thus,
n = 125.1043293
Rounding up,
n = 126 [ANSWER, A]
