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Chapter 1: Q.34 (page 52)

Is a sample size of 1,000 a reliable measure for a population of 5,000?

Short Answer

Expert verified

Yes, for a population of 5000, a sample size of 1000 is a reliable metric.

Step by step solution

01

Sep 1: Definition

The term "reliability" refers to the instrument's capacity to produce consistent findings across several trials. The amount to which the instrument measures what it was supposed to measure is referred to as validity.

02

Explanation

A sample size of 10% of the population size is a credible measure of the population parameter when the population size is 5000. This means that a sample size of 500 people is a good estimate. Any sample with a size mom greater than 500 is also a trustworthy metric since it represents the genuine population better. Larger samples are more trustworthy.

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