Answer: 482
Step-by-step explanation:
Formula to find the sample size is given by :-
[tex]n= (\dfrac{z^*\times \sigma}{E})^2[/tex] (1)
, where z* = critical z-value (two tailed).
[tex]\sigma[/tex] = Population standard deviation and E = Margin of error.
As per given , we have
Margin of error : E= 3
[tex]\sigma=40[/tex]
Confidence level = 90%
Significance level =[tex]\alpha=1-0.90=0.10[/tex]
Using z-table , the critical value for 90% confidence=[tex]z^*=z_{\alpha/2}=z_{0.05}=1.645[/tex]
Required minimum sample size = [tex]n= (\dfrac{(1.645)\times (40)}{3})^2[/tex] [Substitute the values in formula (1)]
[tex]n=(21.9333333333)^2[/tex]
[tex]n=481.07111111\approx482[/tex] [ Round to the next integer]
Hence, the number of observations required is closest to 482.