Assuming that sample proportion is 0.35, what sample size is needed to have a 5% margin of error and 99% confidence?

1 answer

To calculate the required sample size for a given margin of error and confidence level, we can use the formula for the sample size \( n \) when estimating a proportion:

\[ n = \left( \frac{Z^2 \cdot p \cdot (1 - p)}{E^2} \right) \]

where:

  • \( Z \) = Z-score corresponding to the desired confidence level
  • \( p \) = sample proportion
  • \( E \) = margin of error

Step 1: Determine the Z-score

For a 99% confidence level, the Z-score can be found using a Z-table or calculator. The Z-score for a 99% confidence level is approximately:

\[ Z \approx 2.576 \]

Step 2: Plug in the values

Given:

  • \( p = 0.35 \)
  • \( E = 0.05 \)

We can now substitute these values into the formula:

\[ n = \left( \frac{(2.576)^2 \cdot 0.35 \cdot (1 - 0.35)}{(0.05)^2} \right) \]

Calculating \( 1 - p \):

\[ 1 - p = 1 - 0.35 = 0.65 \]

Calculating \( n \):

\[ n = \left(\frac{(2.576)^2 \cdot 0.35 \cdot 0.65}{(0.05)^2}\right) \]

Now calculating each part:

  1. \( (2.576)^2 \approx 6.635776 \)
  2. \( 0.35 \cdot 0.65 = 0.2275 \)
  3. \( (0.05)^2 = 0.0025 \)

Substituting these values back into the formula:

\[ n = \left( \frac{6.635776 \cdot 0.2275}{0.0025} \right) \]

Calculating the numerator:

\[ 6.635776 \cdot 0.2275 \approx 1.507299 \]

Now divide by the denominator:

\[ n = \frac{1.507299}{0.0025} \approx 602.9196 \]

Step 3: Round up

Since sample size must be a whole number, we round up to the next whole number:

\[ n \approx 603 \]

Conclusion

The required sample size needed to achieve a 5% margin of error and 99% confidence level is 603.