You want to obtain a sample to estimate a population proportion. Based on previous evidence, you believe the population proportion is approximately 23%. You would like to be 95% confident that your estimate is within 2% of the true population proportion. How large of a sample size is required?

Respuesta :

Using the z-distribution, as we are working with a proportion, it is found that a sample size of 1701 is required.

What is a confidence interval of proportions?

A confidence interval of proportions is given by:

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

The margin of error is:

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

In which:

  • [tex]\pi[/tex] is the sample proportion.
  • z is the critical value.
  • n is the sample size.

In this problem, the parameters are:

  • 95% confidence level, hence[tex]\alpha = 0.95[/tex], z is the value of Z that has a p-value of [tex]\frac{1+0.95}{2} = 0.975[/tex], so [tex]z = 1.96[/tex].
  • Estimate of [tex]\pi = 0.23[/tex].
  • Margin of error of M = 0.02.

Hence:

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

[tex]0.02 = 1.96\sqrt{\frac{0.23(0.77)}{n}}[/tex]

[tex]0.02\sqrt{n} = 1.96\sqrt{0.23(0.77)}[/tex]

[tex]\sqrt{n} = \frac{1.96\sqrt{0.23(0.77)}}{0.02}[/tex]

[tex](\sqrt{n})^2 = \left(\frac{1.96\sqrt{0.23(0.77)}}{0.02}\right)^2[/tex]

[tex]n = 1700.8[/tex]

Rounding up, a sample size of 1701 is required.

More can be learned about the z-distribution at https://brainly.com/question/25890103