A marketing firm wants to estimate how much root beer the average teenager drinks per year. A previous study found a standard deviation of 1.12 liters. How many teenagers must the firm interview in order to have a margin of error of at most 0.1 liter when constructing a 99% confidence interval

Respuesta :

Answer:

At least 832 teenargers must be interviewed.

Step-by-step explanation:

We have that to find our [tex]\alpha[/tex] level, that is the subtraction of 1 by the confidence interval divided by 2. So:

[tex]\alpha = \frac{1-0.99}{2} = 0.005[/tex]

Now, we have to find z in the Ztable as such z has a pvalue of [tex]1-\alpha[/tex].

So it is z with a pvalue of [tex]1-0.005 = 0.995[/tex], so [tex]z = 2.575[/tex]

Now, find the margin of error M as such

[tex]M = z*\frac{\sigma}{\sqrt{n}}[/tex]

In which [tex]\sigma[/tex] is the standard deviation of the population and n is the size of the sample.

How many teenagers must the firm interview in order to have a margin of error of at most 0.1 liter when constructing a 99% confidence interval

At least n teenargers must be interviewed.

n is found when M = 0.1.

We have that [tex]\sigma = 1.12[/tex]

So

[tex]M = z*\frac{\sigma}{\sqrt{n}}[/tex]

[tex]0.1 = 2.575*\frac{1.12}{\sqrt{n}}[/tex]

[tex]0.1\sqrt{n} = 2.575*1.12[/tex]

[tex]\sqrt{n} = \frac{2.575*1.12}{0.1}[/tex]

[tex](\sqrt{n})^{2} = (\frac{2.575*1.12}{0.1})^{2}[/tex]

[tex]n = 831.7[/tex]

Rounding up

At least 832 teenargers must be interviewed.

Q&A Education