SOLUTION: A political candidate has asked you to conduct a poll to determine what percentage of people support her. If the candidate only wants a 4% margin of error at a 98% confidence le

Algebra ->  Finance -> SOLUTION: A political candidate has asked you to conduct a poll to determine what percentage of people support her. If the candidate only wants a 4% margin of error at a 98% confidence le      Log On


   



Question 1184847: A political candidate has asked you to conduct a poll to determine what percentage of people support her.
If the candidate only wants a 4% margin of error at a 98% confidence level, what size of sample is needed?
The political candidate will need to sample_____ people.

Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
error=z(0.99)*sqrt(p*(1-p))/n
let p=0.5 most conservative
0.04=2.326*sqrt(0.5*0.5/n)
square both sides
0.0016-5.41*0.25/n
n=5.41*0.25/0.0016
=845.31 or 846