Sample size determination is the act of choosing the number of observations or replicates to include in a statistical sample.
n - Required sample size, k - Inflation Factor, p - Number of predictors,
The average Internet usage of households in one week has a random sample of 205 business plan and with an Inflation Factor of 1.01. Calculate the maximum number of samples to determine the internet usage of households.
Inflation Factor = 1.01 number of predictors = 205
Minimum number of samples (n).
n = (2K2-1)/(K2-1) + pk2 / (k2-1) n = (2(1.01)2-1)/((1.01)2-1) + p(1.01)2 / ((1.01)2-1) n = 51.75 + 50.75 P n = 51.75 + 50.75 (205) n = 10455.76
