Inactive Tutor answered 11/04/22
A 98% confidence interval means you leave 1% remaining on both tails. You can think of it spanning the 1st percentile and the 99th percentile (99-1 = 98) - hence why invNorm(.99) does get you 2.326.
Pamela C.
asked 11/02/22The original question is: How large of a sample size is required?
The question reads as follows:
You want to obtain a sample to estimate a population proportion. Based on previous evidence, you believe the population proportion is approximately p∗=27%. You would like to be 98% confident that your esimate is within 2% of the true population proportion. How large of a sample size is required?
n =
Do not round mid-calculation. However, use a critical value accurate to three decimal places.
I understand everything except how to calculate the 98% confidence part of the question. I thought it was invNorm(.98) with a Ti-84, but that does not get me 2.326. (oddly enough, invNorm(.99) does get me 2.326)
Inactive Tutor answered 11/04/22
A 98% confidence interval means you leave 1% remaining on both tails. You can think of it spanning the 1st percentile and the 99th percentile (99-1 = 98) - hence why invNorm(.99) does get you 2.326.
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