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Q: statistics ( No Answer,   2 Comments )
Question  
Subject: statistics
Category: Business and Money > Economics
Asked by: jabeda-ga
List Price: $10.00
Posted: 30 Oct 2003 04:41 PST
Expires: 30 Oct 2003 16:29 PST
Question ID: 271087
If I want to buy new candy on the market, how large a sample should I
take to be within 0.04 based on a 90% confidence level.
will appreciate if someone can show me how this is done
regards
Jabeda
Answer  
There is no answer at this time.

Comments  
Subject: Re: statistics
From: chicago25-ga on 30 Oct 2003 07:33 PST
 
I'm not sure I completely understand your question, but there are a
number of sample size calculators on the internet.  Here are a few
links to try:

http://www.azplansite.com/samplesize.htm
http://www.grapentine.com/calculator.htm  
http://www.opinionsearch.com/en/tools/calculator.asp

Plugging in your numbers results in a sample size of 425.  (Depending
on the size of the population you're dealing with, you may need to add
the total population into the calculators.)
Subject: Re: statistics
From: jabeda-ga on 30 Oct 2003 16:29 PST
 
can you for your help I have managed to find a book in the library
which has explained to me thoroughly

it is solved with formula  n = p(1-p) [z/E]~2
n = 0.25 [1.65/0.04]~2
= 4.25
so the answer you stated is correct using the above procedure

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