QUESTION IMAGE
Question
what is the minimal sample size needed for a 95% confidence interval to have a maximal margin of error of 0.1 in the following scenarios? (round your answers up the nearest whole number.) (a) a preliminary estimate for p is 0.14 (b) there is no preliminary estimate for p
Step1: Recall the formula for sample size
The formula for sample size \(n\) when estimating a proportion is \(n=\frac{z^{2}\cdot p\cdot(1 - p)}{E^{2}}\). For a 95% confidence interval, the critical value \(z = 1.96\) (from standard normal distribution), and the margin of error \(E=0.1\).
Step2: Calculate sample size for part (a)
Given \(p = 0.14\), then \(1-p=0.86\). Substitute into the formula:
Step3: Calculate sample size for part (b)
When there is no preliminary estimate for \(p\), we use \(p = 0.5\) (maximizes \(p(1 - p)\)). Then \(1-p = 0.5\). Substitute into the formula:
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(a) \(47\) (b) \(96\)