Respuesta :
Answer:
n=1915
Step-by-step explanation:
1) Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
[tex]\bar X[/tex] represent the sample mean for the sample
[tex]\mu[/tex] population mean
[tex]\sigma=50[/tex] represent the population standard deviation (assumed)
n represent the sample size (variable of interest)
ME=2 represent the margin of error desired
Confidence =0.92 or 92%
[tex]\alpha=0.08[/tex] represent the significance level
2) Solution to the problem
The confidence interval for the mean is given by the following formula:
[tex]\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}[/tex] (1)
The margin of error is given by this formula:
[tex] ME=z_{\alpha/2}\frac{s}{\sqrt{n}}[/tex] (a)
And on this case we have that ME =2 and we are interested in order to find the value of n, if we solve n from equation (a) we got:
[tex]n=(\frac{z_{\alpha/2} s}{ME})^2[/tex] (b)
The critical value for 92% of confidence interval now can be founded using the normal distribution. And in excel we can use this formla to find it:"=-NORM.INV(0.04,0,1)", and we got [tex]z_{\alpha/2}=1.75[/tex], replacing into formula (b) we got:
[tex]n=(\frac{1.75(50)}{2})^2 =1914.06 \approx 1915[/tex]
So the answer for this case would be n=1915 rounded up to the nearest integer