Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 9 - Section 9.1 - Assess Your Understanding - Applying the Concepts - Page 437: 33a

Answer

$n=1708$

Work Step by Step

$level~of~confiance=(1-α).100$% $99$% $=(1-α).100$% $0.99=1-α$ $α=0.01$ $z_{\frac{α}{2}}=z_{0.005}$ If the area of the standard normal curve to the right of $z_{0.005}$ is 0.005, then the area of the standard normal curve to the left of $z_{0.005}$ is $1−0.005=0.995$ According to Table V, there are 2 z-scores which give the closest value to 0.995: 2.57 and 2.58. So, let's find the mean of these z-scores: $\frac{2.57+2.58}{2}=2.575$ Now, the sample size: $n=p ̂(1-p ̂)(\frac{z_{\frac{α}{2}}}{E})^2$ $n=0.635(1-0.635)(\frac{2.575}{0.03})^2$ $n=1707.57$ Round up: $n=1708$
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