Question

Using the Formula n=1/(ME)2 to Determine Sample Size When we want confidence and use the conservative estimate of , we can use the simple formula to roughly determine the sample size needed for a given margin of error . Use this formula to determine the sample size needed for a margin of error of 0.005 . Enter the exact answer.

Answer 1

Answer:

The sample size needed is 40000.

Step-by-step explanation:

The sample size needed is:

$n = \frac{1}{M^{2}}$

Use this formula to determine the sample size needed for a margin of error of 0.005

This is n when $M = 0.005$. So

$n = \frac{1}{M^{2}}$

$n = \frac{1}{0.005^{2}}$

$n = 40000$

The sample size needed is 40000.