According to the Current Population Report of the United States census, 32.3% of males aged 25 or older have earned a bachelor's degree or higher. Suppose that Nancy works for the city of Peoria, AZ. City officials have asked her to estimate the proportion of males aged 25 or older in Peoria who have earned a bachelor's degree or higher. They have requested that her estimate have a confidence level of 95% and a margin of error of 2%, or 0.02.

Determine the sample size needed for the 95% confidence interval to be no more than 0.02.

n= _________________ males aged 25 or older



Answer :

Answer:

To determine the sample size (\(n\)) needed for the confidence interval, you can use the formula:

\[ n = \left( \frac{Z^2 \times p \times (1 - p)}{E^2} \right) \]

where:

- \( Z \) is the Z-score corresponding to the desired confidence level (for 95% confidence, \( Z \approx 1.96 \)),

- \( p \) is the estimated proportion (32.3% or 0.323 in decimal form),

- \( E \) is the margin of error (0.02).

Substitute these values into the formula:

\[ n = \left( \frac{(1.96)^2 \times 0.323 \times (1 - 0.323)}{(0.02)^2} \right) \]

Now, calculate this expression to find the required sample size.

Certainly! Let's proceed with the calculation:

\[ n = \frac{(1.96)^2 \times 0.323 \times (1 - 0.323)}{(0.02)^2} \]

\[ n = \frac{3.8416 \times 0.323 \times 0.677}{0.0004} \]

\[ n \approx \frac{0.82713}{0.0004} \]

\[ n \approx 2067.825 \]

So, the sample size needed for the 95% confidence interval to be no more than 0.02 is approximately 2068 males aged 25 or older in Peoria. Since you can't have a fraction of a person, you'd need to round up to the nearest whole number.

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