Carly bought a new house for $125,000. The value of the house appreciates approximately 3.5% each year. What will be the value o
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Answer: 2172
Step-by-step explanation:
Formula to find the sample size n , if the prior estimate of the population proportion(p) is known:
, where E= margin of error and z* = Critical z-value.
Let p be the population proportion of adults have consulted fortune tellers.
As per given , we have
p= 0.20
E= 0.02
From z-table , the z-value corresponding to 98% confidence interval = z*=2.33
Then, the required sample size will be :
Hence, the required sample size = 2172