What sample size would be required to estimate the true proportion of American female business executives who prefer the title "Ms.," with an error of ±0.025 and 98 percent confidence?

Respuesta :

Answer:

A sample size of 2166 is needed.

Step-by-step explanation:

In a sample with a number n of people surveyed with a probability of a success of [tex]\pi[/tex], and a confidence level of [tex]1-\alpha[/tex], we have the following confidence interval of proportions.

[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

In which

z is the zscore that has a pvalue of [tex]1 - \frac{\alpha}{2}[/tex].

The margin of error of a confidence interval is:

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

98% confidence level

So [tex]\alpha = 0.02[/tex], z is the value of Z that has a pvalue of [tex]1 - \frac{0.02}{2} = 0.99[/tex], so [tex]Z = 2.327[/tex].

Solving

We need to find n when M = 0.025.

We dont know the proportion, so we use [tex]\pi = 0.5[/tex], which is when we are going to need the largest sample size for this estimate.

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

[tex]0.025 = 2.327\sqrt{\frac{0.5*0.5}{n}}[/tex]

[tex]0.025\sqrt{n} = 2.327*0.5[/tex]

[tex]\sqrt{n} = \frac{2.327*0.5}{0.025}[/tex]

[tex](\sqrt{n})^{2} = (\frac{2.327*0.5}{0.025})^{2}[/tex]

[tex]n = 2166[/tex]

A sample size of 2166 is needed.