Sample Size 003Ccb
1. **Problem Statement:** Professor Linda wants to determine the sample size for a population of 275 BAM students with a margin of error of 1%.
2. **Formula Used:** The sample size $n$ for a finite population can be calculated using the formula:
$$n = \frac{N \times Z^2 \times p \times (1-p)}{E^2 \times (N-1) + Z^2 \times p \times (1-p)}$$
where:
- $N$ = population size
- $Z$ = Z-value (standard score) corresponding to the confidence level
- $p$ = estimated proportion of an attribute present in the population (if unknown, use 0.5 for maximum variability)
- $E$ = margin of error (as a decimal)
3. **Important Rules:**
- For a 99% confidence level (since margin of error is 1%), $Z \approx 2.576$.
- Use $p=0.5$ if no prior estimate is available.
- Convert margin of error percentage to decimal: $1\% = 0.01$.
4. **Substitute values:**
- $N = 275$
- $Z = 2.576$
- $p = 0.5$
- $E = 0.01$
5. **Calculate numerator:**
$$275 \times (2.576)^2 \times 0.5 \times 0.5 = 275 \times 6.635 \times 0.25 = 275 \times 1.65875 = 456.15625$$
6. **Calculate denominator:**
$$0.01^2 \times (275 - 1) + (2.576)^2 \times 0.5 \times 0.5 = 0.0001 \times 274 + 6.635 \times 0.25 = 0.0274 + 1.65875 = 1.68615$$
7. **Calculate sample size:**
$$n = \frac{456.15625}{1.68615} \approx 270.56$$
8. **Interpretation:** Since sample size cannot exceed population, and $n \approx 271$ is close to population size 275, the sample size is 271.
**Final answer:** The sample size Professor Linda should take is **271** students.