Sample Size Formula

Sample is the part of the population that helps us to draw inferences about the population. Collecting research of the complete information about the population is not possible and it is time consuming and expensive. Thus, we need an appropriate sample size so that we can make inferences about the population based on that sample.

One of the most frequent problems in statistical analysis is the determination of the appropriate sample size. One may ask why sample size is so important. The answer to this is that an appropriate sample size is required for validity. If the sample size it too small, it will not yield valid results. An appropriate sample size can produce accuracy of results. Moreover, the results from the small sample size will be questionable. A sample size that is too large will result in wasting money and time. It is also unethical to choose too large a sample size. There is no certain rule of thumb to determine the sample size. Some researchers do, however, support a rule of thumb when using the sample size. For example, in regression analysis, many researchers say that there should be at least 10 observations per variable. If we are using three independent variables, then a clear rule would be to have a minimum sample size of 30. Some researchers follow a statistical formula to calculate the sample size.

Calculation of the Sample Size

Sample size based on confidence intervals: In calculating the sample size, we are interested in calculating the population parameter. Thus, we should determine the confidence intervals, so that all the values of the sample lie within that interval range.

Sample Size Calculation Based on Effect Size

An alternative approach of calculating the sample size is effect size. Effect size is known as the difference between the sample statistics divided by the standard error. More efficiently it is as follows:

Once an effect size has been estimated, the following table can be used to estimate a sample: