Find the sample size needed to provide a margin of error of
Find the sample size needed to provide a margin of error of 2or less with a .99 probability when the population standard deviation is 20.
Find the sample size needed to provide a margin of error of 2or less with a .99 probability when the population standard deviation is 20.
Solution
Note that
n = z(alpha/2)^2 s^2 / E^2
where
alpha/2 = (1 - confidence level)/2 = 0.005
Using a table/technology,
z(alpha/2) = 2.575829304
Also,
s = sample standard deviation = 20
E = margin of error = 2
Thus,
n = 663.4896601
Rounding up,
n = 664 [ANSWER]
