Answered: Calculate the minimum sample size that…

Math

Statistics

Calculate the minimum sample size that you must have to meet these requirements.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

Suppose you wish to determine the proportion of college students in your state who receive some form of financial aid. You want to be 95% confident of your results and have a maximum error of 4%. Calculate the minimum sample size that you must have to meet these requirements.

Definition Definition Number of subjects or observations included in a study. A large sample size typically provides more reliable results and better representation of the population. As sample size and width of confidence interval are inversely related, if the sample size is increased, the width of the confidence interval decreases.

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