formula to figure out what sample size you need to take. If a sample is taken from a population, a formula must be used to take into account confidence levels and margins of error. When taking statistical samples, sometimes a lot is known about a population, sometimes a little and sometimes nothing at all. • When it is not possible to study an entire population (such as the population of the Philippines), a smaller sample is taken using a random sampling technique. Slovin's formula allows a researcher to sample the population with a desired degree of accuracy. Slovin’s Formula…
• It gives the researcher an idea of how large his sample
size needs to be to ensure a reasonable accuracy of results.
• That’s when you can use Slovin’s formula to figure out
what sample size you need to take, which is written as n = N / (1 + Ne2) • where • n = Number of samples, • N = Total population • e = Error tolerance SLOVIN’S FORMULA… • Sample Calculation: 1. A group of students want to know the age of students in a high school but do not have the resources to survey an entire population of 2,500. If they want to use a sample with a 5% margin of error, what should their sample size be? Given: N = 2,500 e = 5% = 0.05 Required: n = ? Solution: n = N / ( 1 + (N*e^2)) n = 2500 / ( 1 + (2500*.05^2)) n = 2500 / 7.25 n = 344.83 ~ 345 SLOVIN’S FORMULA… 2. What sample of a population of 1,000 people you need to take for a survey on their soda preferences.
Step 1: Figure out what you want your confidence
level to be. For example, you may be happy with a confidence level of 95 percent (which will give you a margin of error of 0.05), or you may require a tighter or better accuracy at the 98 percent confidence level (which produces a margin of error of 0.02). SLOVIN’S FORMULA…
Step 2. Plug your data into the formula. In this
example, we’ll use a 95 percent confidence level with a population size of 1,000. n = N / (1 + N e2) 1,000 / (1 + 1000 * 0.05 2) 285.714286 SLOVIN’S FORMULA…
Step 3: Round your answer to a whole
number (because you can’t sample a fraction of a person or thing!) 285.714286 = 286 SLOVIN’S FORMULA…
"A researcher plans to get 588 sample units
from population N using a 4% margin of error. What is the value of N?" SAMPLE SIZE SAMPLE SIZE DEPENDS ON DIFFERENT FACTORS: 1. COST & TIME CONSTRAINT 2. DEGREE OF PRECISION NEEDED a. LARGER SAMPLES WILL PROVIDE MORE PRECISED ESTIMATES OF THE POPULATION PARAMETER b. MORE HETEROGENEOUS POPULATION REQUIRE LARGER SAMPLE SIZE c. THE LARGER THE SAMPLE , THE MORE NARROW THE CONFIDENCE INTERVALS d. THE MORE REPRESENTATIVE THE SAMPLE,THE MORE VALID THE CONCLUSIONS OF THE SURVEY