Given Information:
Margin of error = 0.001
standard deviation = σ = 0.009
Confidence level = 92%
Required Information:
Population size = n = ?
Step-by-step explanation:
As we know
Margin of error = z*(σ/√n)
Re-arranging the equation to find n
√n = σz/margin of error
z-score corresponding to 92% confidence level = 1.72
√n = 0.009*1.72/0.001
√n = 15.48
square both sides
n = 15.48² = 239.63 = 240
n = 240 size sample should be used.
Margin of error = 0.001
standard deviation = σ = 0.009
Confidence level = 92%
As we know that
Margin of error = [tex]z\times (\sigma\div \sqrt n)[/tex]
here
√n = σz/margin of error
z-score corresponding to 92% confidence level = 1.72
[tex]\sqrt n = 0.009\times 1.72\div 0.001[/tex]
√n = 15.48
Now square both sides
n = 15.48² = 239.63 = 240
n = 240 size sample should be used.
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