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Use the given data to find the minimum sample size required to estimate a population proportion or percentage. An investor is considering funding of a new video game. She wants to know the worldwide percentage of people who play video games, so a survey is being planned. How many people must be surveyed in order to be 90% confident that the estimated percentage is within three percentage points of the true population percentage? Assume that about 16% of people play video games (based on a report by Spil Games).
Solution
VerifiedGiven:
Formula sample size:
For confidence level , determine using using the normal probability table in the appendix (look up 0.05 in the table, the z-score is then the found z-score with opposite sign):
is known, then the sample size is (round up to the nearest integer!):
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