Determine the sample size needed to construct a 99% confidence interval to estimate the average GPA for the student population at a college with a margin of error equal to 0.7. Assume the standard deviation of the GPA for the student population is 1.0 The sample size needed is _____
Solution :
Given that,
standard deviation = = 1.0
margin of error = E = 0.7
At 99% confidence level the z is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
Z/2 = Z0.005 = 2.576
Sample size = n = ((Z/2 * ) / E)2
= ((2.576 * 1.0) / 0.7)2
= 13.5 = 14
The sample size needed is = 14
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