Answer:
a)
So the answer for this case would be n=79 rounded up to the nearest integer
b)
And rounded up we have that n=385
Explanation:
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".
represent the sample mean for the sample
population mean (variable of interest)
represent the population standard deviation
n represent the sample size
Part a
The margin of error is given by this formula:
(a)
And on this case we have that ME =15 and we are interested in order to find the value of n, if we solve n from equation (a) we got:
(b)
The critical value for 95% of confidence interval now can be founded using the normal distribution. And in excel we can use this formla to find it:"=-NORM.INV(0.025;0;1)", and we got
, replacing into formula (b) we got:
So the answer for this case would be n=79 rounded up to the nearest integer
Part b
The population proportion have the following distribution
The margin of error for the proportion interval is given by this formula:
(a*)
And on this case we have that
and we are interested in order to find the value of n, if we solve n from equation (a*) we got:
(b*)
Since we don't have any info provided we can assume
. And replacing into equation (b*) the values from part a we got:
And rounded up we have that n=385