question 10 0.1 pts\nuse the given data to find the minimum sample size required to estimate the population…

question 10 0.1 pts\nuse the given data to find the minimum sample size required to estimate the population proportion.\nmargin of error: 0.04; confidence level: 99%; from a prior study, $hat{p}$ is estimated by 0.12.\n1.

question 10 0.1 pts\nuse the given data to find the minimum sample size required to estimate the population proportion.\nmargin of error: 0.04; confidence level: 99%; from a prior study, $hat{p}$ is estimated by 0.12.\n1.

Answer

Explanation:

Step1: Find the z - score

For a 99% confidence level, the significance level $\alpha=1 - 0.99 = 0.01$. Then $\alpha/2=0.005$. The z - score $z_{\alpha/2}=z_{0.005}$. Looking up in the standard normal table, $z_{0.005} = 2.576$.

Step2: Use the formula for sample size

The formula for the sample size $n$ when estimating a population proportion is $n=\frac{z_{\alpha/2}^{2}\hat{p}(1 - \hat{p})}{E^{2}}$, where $\hat{p}$ is the estimated proportion from a prior study and $E$ is the margin of error. Given $\hat{p}=0.12$, $1-\hat{p}=1 - 0.12=0.88$, $E = 0.04$ and $z_{\alpha/2}=2.576$. Substitute the values into the formula: [ \begin{align*} n&=\frac{(2.576)^{2}\times0.12\times0.88}{(0.04)^{2}}\ &=\frac{6.635776\times0.1056}{0.0016}\ &=\frac{0.700738}{0.0016}\ & = 437.96125 \end{align*} ] Since the sample size $n$ must be an integer, we round up to the next whole number.

Answer:

438