Answer:
[tex]n=(\frac{2.17(0.143)}{0.023})^2 =182.03 \approx 183[/tex]
So the answer for this case would be n=183 rounded up to the nearest integer
Step-by-step explanation:
Information provided
[tex]\bar X[/tex] represent the sample mean
[tex]\mu[/tex] population mean (variable of interest)
[tex]\sigma = 0.143[/tex] represent the population standard deviation
n represent the sample size
[tex] ME = 0.023[/tex] the margin of error desired
Solution to the problem
The margin of error is given by this formula:
[tex] ME=z_{\alpha/2}\frac{\sigma}{\sqrt{n}}[/tex] (a)
And on this case we have that ME =0.023 and we are interested in order to find the value of n, if we solve n from equation (a) we got:
[tex]n=(\frac{z_{\alpha/2} \sigma}{ME})^2[/tex] (b)
The confidence level is 97% or 0.97 and the significance would be [tex]\alpha=1-0.97=0.03[/tex] and [tex]\alpha/2 = 0.015[/tex] then the critical value would be: [tex]z_{\alpha/2}=2.17[/tex], replacing into formula (5) we got:
[tex]n=(\frac{2.17(0.143)}{0.023})^2 =182.03 \approx 183[/tex]
So the answer for this case would be n=183 rounded up to the nearest integer