A sample of 100000 people is desired to be drawn at 95% confidence level and 2.5% significance level. Find the sample size to be taken. a) 663 O B) 1513 O NS) 659 O D) 1534 TO) 2454

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A sample of 100000 people is desired to be drawn at 95% confidence level and 2.5% significance
level. Find the sample size to be taken.
O a) 663
OB) 1513
O NS) 659
O D) 1534
O TO) 2454
Transcribed Image Text:A sample of 100000 people is desired to be drawn at 95% confidence level and 2.5% significance level. Find the sample size to be taken. O a) 663 OB) 1513 O NS) 659 O D) 1534 O TO) 2454
Expert Solution
Step 1

To estimate sample size in this case, the required values are

N=population size

e=margin of error

p=sample proportion

α=level of significance = 1-confidence level

 

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