QUESTION IMAGE
Question
a researcher wishes to estimate, with 99% confidence, the population proportion of likely u.s. voters who think congress is doing a good or excellent job. her estimate must be accurate within 5% of the true proportion. (a) no preliminary estimate is available. find the minimum sample size needed. (b) find the minimum sample size needed, using a prior study that found that 26% of the respondents said they think congress is doing a good or excellent job. (c) compare the results from parts (a) and (b). (a) what is the minimum sample size needed assuming that no prior information is available? n = 664 (round up to the nearest whole number as needed.) (b) what is the minimum sample size needed using a prior study that found that 26% of the respondents said they think congress is doing a good or excellent job? n = (round up to the nearest whole number as needed.)
Step1: Determine the z - value
For a 99% confidence level, the z - value \(z_{\alpha/2}\) is \(z_{0.005}\). From the standard normal distribution table, \(z_{0.005}= 2.576\). The margin of error \(E = 0.05\).
Step2: Use the formula for sample size when a prior estimate is available
The formula for the sample size \(n\) when estimating a proportion is \(n=\dfrac{z_{\alpha/2}^{2}\cdot p(1 - p)}{E^{2}}\). Given \(p = 0.26\) (from the prior study), \(1-p=1 - 0.26=0.74\), \(z_{\alpha/2}=2.576\), and \(E = 0.05\).
Substitute the values into the formula:
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\(n = 512\) (Since we round up to the nearest whole number)