Posted by Tesa on Thursday, July 11, 2013 at 3:08am.
You wish to learn the proportion of MBA students that are female within 3%, and with 98% confidence. How large of a sample should you get?

Business Statistics  MathGuru, Friday, July 12, 2013 at 5:12pm
Try this formula:
n = [(zvalue)^2 * p * q]/E^2
= [(2.33)^2 * .5 * .5]/.03^2
I'll let you finish the calculation.
Note: n = sample size needed; .5 (if no value is stated in the problem) for p and .5 (which is 1  p) for q. E = maximum error, which is .03 (3%) in the problem. Zvalue is found using a ztable (for 98%, the value is approximately 2.33). Symbols: * means to multiply and ^2 means squared.
I hope this will help get you started.

Business Statistics  RAD, Monday, November 14, 2016 at 1:08am
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