Why does it take 2 copies of 1/8 to show the same amout as 1 copy of 1/4?
2 answers:
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Question:
You are interested in estimating the the mean age of the citizens living in your community. In order to do this, you plan on constructing a confidence interval; however, you are not sure how many citizens should be included in the sample. If you want your sample estimate to be within 5 years of the actual mean with a confidence level of 97% , how many citizens should be included in your sample? Assume that the standard deviation of the ages of all the citizens in this community is 18 years.
Answer:
61.03
Step-by-step explanation:
Given:
Standard deviation = 18
Sample estimate = 5
Confidence level = 97%
Required:
Find sample size, n.
First find the Z value. Using zscore table
Z-value at a confidence level of 97% = 2.17
To find the sample size, use the formula below:
Sample size = 61.03