document.write( "Question 482419: Assume that a sample is drawn and z(α/2) = 1.65 and σ = 25. Answer the following questions:
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document.write( "(A)If the Maximum Error of Estimate is 0.04 for this sample, what would be the sample size?
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document.write( "(B)Given that the sample Size is 400 with this same z(α/2) and σ, what would be the Maximum Error of Estimate?
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document.write( "(C)What happens to the Maximum Error of Estimate as the sample size gets larger?
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document.write( "(D)What effect does the answer to C above have to the size of the confidence interval?\r
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document.write( "Thank you
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Algebra.Com's Answer #330275 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Assume that a sample is drawn and z(α/2) = 1.65 and σ = 25. Answer the following questions:\r \n" ); document.write( "\n" ); document.write( "(A)If the Maximum Error of Estimate is 0.04 for this sample, what would be the sample size? \n" ); document.write( "ME = z[s/sqrt(n)] \n" ); document.write( "1.65*25/sqrt(n) = 0.04 \n" ); document.write( "--- \n" ); document.write( "sqrt(n) = 1.65*25/0.04 \n" ); document.write( "--- \n" ); document.write( "n = [1.65*25/0.04]^2 \n" ); document.write( "--- \n" ); document.write( "n = 1,063,477 when rounded up\r \n" ); document.write( "\n" ); document.write( "====================\r \n" ); document.write( "\n" ); document.write( "(B)Given that the sample Size is 400 with this same z(α/2) and σ, what would be the Maximum Error of Estimate? \n" ); document.write( "ME = 1.65*25/sqrt(400) = 2.0625 \n" ); document.write( "--------------------------------------\r \n" ); document.write( "\n" ); document.write( "(C)What happens to the Maximum Error of Estimate as the sample size gets larger? \n" ); document.write( "---- \n" ); document.write( "ME and sample size are indirectly related \n" ); document.write( "ME gets smaller as n get larger. \n" ); document.write( "------------------------------------------- \n" ); document.write( "(D)What effect does the answer to C above have to the size of the confidence interval? \n" ); document.write( "As n gets larger the confidence interval gets smaller. \n" ); document.write( "============================ \n" ); document.write( "Cheers, \n" ); document.write( "Stan H.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |