Respuesta :
Answer:
The minimum sample size needed is 32
Step-by-step explanation:
We have that to find our [tex]\alpha[/tex] level, that is the subtraction of 1 by the confidence interval divided by 2. So:
[tex]\alpha = \frac{1-0.99}{2} = 0.005[/tex]
Now, we have to find z in the Ztable as such z has a pvalue of [tex]1-\alpha[/tex].
So it is z with a pvalue of [tex]1-0.005 = 0.995[/tex], so [tex]z = 2.575[/tex]
Now, find the margin of error M as such
[tex]M = z*\frac{\sigma}{\sqrt{n}}[/tex]
In which [tex]\sigma[/tex] is the standard deviation of the population and n is the size of the sample.
Find the Minimum Sample Size Needed for an Interval Estimate of the POPULATION MEAN
The minimum sample size needed is n
n is found when M = 2.
We have that [tex]\sigma = 4.33[/tex]
So
[tex]M = z*\frac{\sigma}{\sqrt{n}}[/tex]
[tex]2 = 2.575*\frac{4.33}{\sqrt{n}}[/tex]
[tex]2\sqrt{n} = 2.575*4.33[/tex]
[tex]\sqrt{n} = \frac{2.575*4.33}{2}[/tex]
[tex](\sqrt{n})^{2} = (\frac{2.575*4.33}{2})^{2}[/tex]
[tex]n = 31.1[/tex]
Rounding up
The minimum sample size needed is 32
The Minimum Sample Size Needed for an Interval Estimate of the POPULATION MEAN is 32
The given parameters are:
- [tex]\sigma = 4.33[/tex] ---the standard deviation
- [tex]E = 2[/tex] --- the margin of error
At 99% confidence interval, the z value is 2.575.
So, we start by calculating the margin of error (E) using:
[tex]E = z \times \frac{\sigma}{\sqrt n}[/tex]
Substitute values for E, z and [tex]\sigma[/tex].
So, we have:
[tex]2 = 2.575 \times \frac{4.33}{\sqrt n}[/tex]
Multiply both sides by [tex]\sqrt n[/tex]
[tex]2 \sqrt n= 2.575 \times 4.33[/tex]
Divide both sides of the equation by 2
[tex]\sqrt n= \frac{2.575 \times 4.33}{2}[/tex]
Square both sides of the equation
[tex]n=( \frac{2.575 \times 4.33}{2})^2[/tex]
[tex]n=( 5.574875)^2[/tex]
Evaluate the exponent
[tex]n=31.0792312656[/tex]
The smallest integer greater than 31.0792312656 is 32.
So, we have:
[tex]n=32[/tex]
Hence, the minimum size is 32
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