Final answer:
To determine the sample size needed to conduct a poll with a 2% margin of error at a 99% confidence level, use the formula n = (Z^2 * p * (1-p)) / E^2, plugging in the values gives a sample size of approximately 4193 people.
Step-by-step explanation:
To determine the sample size needed, we can use the formula:
n = (Z^2 * p * (1-p)) / E^2
Where:
- n is the sample size
- Z is the z-score corresponding to the desired confidence level
- p is the estimated proportion (0.5 for maximum sample size)
- E is the margin of error
In this case, the candidate wants a 2% margin of error at a 99% confidence level. The z-score corresponding to a 99% confidence level is approximately 2.576.
Plugging in the values, we get:
n = (2.576^2 * 0.5 * (1-0.5)) / 0.02^2
n ≈ 4192.96
Therefore, a sample size of 4193 people is needed to achieve a 2% margin of error at a 99% confidence level.