A random sample of 200 shoppers at a local grocery store found that 135 of the 200 sampled
would be willing to use self-checkout kiosks if the store installed them (ộ = 0.675).
Assuming you believe the initial results to be reasonable, how many samples would be required if
you wanted to re-do the sample, construct a 95% confidence interval, and reduce the margin of
error to 3%?
Round your answer to the nearest whole number. Remember: with sample sizes we always round
up!

Respuesta :

Using the z-distribution, as we are working with a proportion, it is found that samples of 937 should be taken.

What is a confidence interval of proportions?

A confidence interval of proportions is given by:

[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

In which:

  • [tex]\pi[/tex] is the sample proportion.
  • z is the critical value.
  • n is the sample size.

The margin of error is given by:

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

In this problem, we have that:

  • The estimate is of [tex]\pi = 0.675[/tex].
  • The margin of error is of M = 0.03.
  • 95% confidence level, hence[tex]\alpha = 0.95[/tex], z is the value of Z that has a p-value of [tex]\frac{1+0.95}{2} = 0.975[/tex], so [tex]z = 1.96[/tex].

Then, we solve for n to find the minimum sample size.

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

[tex]0.03 = 1.96\sqrt{\frac{0.675(0.325)}{n}}[/tex]

[tex]0.03\sqrt{n} = 1.96\sqrt{0.675(0.325)}[/tex]

[tex]\sqrt{n} = \frac{1.96\sqrt{0.675(0.325)}}{0.03}[/tex]

[tex](\sqrt{n})^2 = \left(\frac{1.96\sqrt{0.675(0.325)}}{0.03}\right)^2[/tex]

[tex]n = 936.4[/tex]

Rounding up, it is found that samples of 937 should be taken.

More can be learned about the z-distribution at https://brainly.com/question/25890103