The useful life of a certain type of light bulb is known to have a= 40 hours. Hoe large a sample should be taken standard deviation of it is desired to have a margin of error of 10 hours or less at a 95% level of confidence?
The required sample size can be calculated as,
"n=(\\frac{(z\u00d7\u03c3)}{\nE})^2"
Where
z= is the critical value
σ= is the standard deviation
E=marginal error
Using the standard normal table, the critical value at the 95% confidence level is 1.96.
therefore
"n=(\\frac{(z\u00d7\u03c3)}{\nE})^2\\\\=(\\frac{(1.96\u00d740)}{\n10})^2\\\\=61.46\\\\=62"
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