Make the z* value smaller that causes you to accept a lower confidence level.
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Transcript of Make the z* value smaller that causes you to accept a lower confidence level.
Often a high confidence level (95 or 99%), means that your interval must be very large (high margin of error). Ultimately, we would like to create a confidence interval with a high confidence level and very small margin of error.
How can we control that???Make the z* value
smaller that causes you to accept a lower
confidence level.
Make the s value smaller
this does make it
easier to get a more
accurate m, but is difficult
to do
Make the n (sample size)
larger
dividing by a larger number makes
smaller and in turn the margin of error smaller
n
Best Option!
So how do we find the desired sample size?Let m = the desired margin of error
So,
Now solve for n.m
nz
Pg 640 #20b
The sample size must be at least 2653 people
Divide by 2.575
Multiply by and then divide by 1.9417
Square both sides to clear the radical