A random sample of size n is required to produce a margin of error of +/- E. By what percent does the sample size need to increase to reduce the margin of error to +/- 9/10E? Round your answer to the nearest percent

A random sample of size n is required to produce a margin of error of E By what percent does the sample size need to increase to reduce the margin of error to 9 class=

Respuesta :

The margin of error is inversely proportional to the square root of the sample size. We know that for a certain sample size n, the margin of error is +/- E, thus:

[tex]E=\frac{k}{\sqrt{n}}[/tex]

Where k is the constant of proportionality.

We need to know the sample size N that produces a margin of error of +/-9/10E:

[tex]\frac{9}{10}E=\frac{k}{\sqrt{N}}[/tex]

Substituting the value of E from the first equation:

[tex]\frac{9}{10}\frac{k}{\sqrt{n}}=\frac{k}{\sqrt{N}}[/tex]

Simplifying by k:

[tex]\frac{9}{10}\frac{1}{\sqrt{n}}=\frac{1}{\sqrt{N}}[/tex]

Squaring and solving for N:

[tex]\begin{gathered} \frac{81}{100}\frac{1}{n}=\frac{1}{N} \\ \\ N=\frac{100}{81}n \end{gathered}[/tex]

We need to calculate the percentage of increase of n to get N. Subtracting n:

[tex]N-n=\frac{19}{81}n[/tex]

Dividing by n:

[tex]\frac{N-n}{n}=\frac{19}{81}[/tex]

The sample size must be increased by 19/81 = 0.2346.

It's equivalent to 23% (rounding to the nearest percent)

Answer. 23%