Use the given information to find the minimum sample size required to estimate an unknown population mean [tex]\mu[/tex].

Margin of error: [tex]\$126[/tex]
Confidence level: [tex]99\%[/tex]
[tex]\sigma = \$512[/tex]

A. 110
B. 56
C. 45
D. 63



Answer :

To determine the minimum sample size required to estimate an unknown population mean [tex]\(\mu\)[/tex], we start with the given information:

- Margin of error (E): [tex]$126 - Confidence level: 99% - Population standard deviation (\(\sigma\)): $[/tex]512

The formula to calculate the minimum sample size ([tex]\(n\)[/tex]) is derived from the formula for the margin of error in a normal distribution:

[tex]\[ E = z \cdot \frac{\sigma}{\sqrt{n}} \][/tex]

To solve for [tex]\(n\)[/tex], we rearrange this formula as follows:

[tex]\[ n = \left( \frac{z \cdot \sigma}{E} \right)^2 \][/tex]

Step-by-Step Solution:

1. Determine the z-score:

For a 99% confidence level, we need to find the critical value [tex]\(z\)[/tex] (z-score). The z-score corresponds to the point such that the area under the standard normal curve in both tails is [tex]\(1 - 0.99 = 0.01\)[/tex] (0.005 in each tail). Consulting z-tables or using statistical tools, the z-score for a 99% confidence level is approximately 2.576.

2. Substitute the values into the formula:

[tex]\[ n = \left( \frac{2.576 \cdot 512}{126} \right)^2 \][/tex]

3. Calculate the right-hand side:

- Compute [tex]\( \frac{2.576 \cdot 512}{126} \)[/tex]:
[tex]\[ \frac{2.576 \cdot 512}{126} \approx 10.465 \][/tex]

- Square this value:
[tex]\[ 10.465^2 \approx 109.56 \][/tex]

4. Round up to the next whole number:

Since the sample size must be a whole number and we always round up to ensure the margin of error is not exceeded, we round 109.56 up to the next whole number:
[tex]\[ n = 110 \][/tex]

Therefore, the minimum sample size required to estimate the population mean [tex]\(\mu\)[/tex] with a margin of error of \[tex]$126 at a 99% confidence level, given a population standard deviation of \$[/tex]512, is [tex]\( \boxed{110} \)[/tex].