Respuesta :
Answer:
[tex]n=(\frac{2.33(19)}{7})^2 =39.996 \approx 40[/tex]
Step-by-step explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
[tex]\bar X[/tex] represent the sample mean
[tex]\mu[/tex] population mean
[tex]\sigma=19[/tex] represent the assumed population standard deviation
n represent the sample size (variable of interest)
Confidence =0.98 or 98%
Me=0.07 represent the margin of error for this case
Solution to the problem
The margin of error is given by this formula:
[tex] ME=z_{\alpha/2}\frac{\sigma}{\sqrt{n}}[/tex] (1)
And on this case we have that ME =7 and we are interested in order to find the value of n, if we solve n from equation (1) we got:
[tex]n=(\frac{z_{\alpha/2} \sigma}{ME})^2[/tex] (2)
The critical value for 98% of confidence interval now can be founded using the normal distribution. And in excel we can use this formla to find it:"=-NORM.INV(0.01,0,1)", and we got [tex]z_{\alpha/2}=2.33[/tex], replacing into formula (2) we got:
[tex]n=(\frac{2.33(19)}{7})^2 =39.996 \approx 40[/tex]
So the answer for this case would be n=40 rounded up to the nearest integer