The smallest sample size for the 95% confidence interval for the mean of the population is 359 .
Given the standard deviation is 2.9 , hence σ =2.9
Margin of error = E = 0.3
At 95% confidence level the z is ,
α = 1 - 95% = 1 - 0.95 = 0.05
α/2 = 0.05 / 2 = 0.025
Zα/2 = Z₀.₀₂₅ = 1.96
Now we know that the sample size is calculated using the formula:
[tex]n = (z_{\frac{\alpha}{2}} \times \frac{\sigma}{E})^2[/tex]
n = [Z₀.₀₂₅ × σ / E] ²
n = ( 1.96×2.9 /0.3 )²
n = 358.976
n≈ 359
Sample size = n = 359
A confidence interval is a group of estimates for a parameter that is unknown (CI). Although occasionally other criteria, such as 90% or 99%, may also be used to generate confidence intervals. The average degree of confidence has increased to 95%.
The percentage of long-term associated CIs that contain the parameter's actual value is measured by the confidence level. For instance, the parameter's actual value should be present in 95% of all intervals generated at the 95% confidence level.
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