A manufacturer of golf equipment wishes to estimate the number of left-handed golfers. A previous study indicates that the proportion of left-handed golfers is 8%. How large a sample is needed in order to be 98% confident that the sample proportion will not differ from the true proportion by more than 2%?

Respuesta :

Answer:

A sample of 997 is needed.

Step-by-step explanation:

In a sample with a number n of people surveyed with a probability of a success of [tex]\pi[/tex], and a confidence level of [tex]1-\alpha[/tex], we have the following confidence interval of proportions.

[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

In which

z is the z-score that has a p-value of [tex]1 - \frac{\alpha}{2}[/tex].

The margin of error is of:

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

A previous study indicates that the proportion of left-handed golfers is 8%.

This means that [tex]\pi = 0.08[/tex]

98% confidence level

So [tex]\alpha = 0.02[/tex], z is the value of Z that has a p-value of [tex]1 - \frac{0.02}{2} = 0.99[/tex], so [tex]Z = 2.327[/tex].  

How large a sample is needed in order to be 98% confident that the sample proportion will not differ from the true proportion by more than 2%?

This is n for which M = 0.02. So

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

[tex]0.02 = 2.327\sqrt{\frac{0.08*0.92}{n}}[/tex]

[tex]0.02\sqrt{n} = 2.327\sqrt{0.08*0.92}[/tex]

[tex]\sqrt{n} = \frac{2.327\sqrt{0.08*0.92}}{0.02}[/tex]

[tex](\sqrt{n})^2 = (\frac{2.327\sqrt{0.08*0.92}}{0.02})^2[/tex]

[tex]n = 996.3[/tex]

Rounding up:

A sample of 997 is needed.