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Confidence interval estimator

Sample size estimator



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SAMPLE SIZE ESTIMATOR TOOL

The Sample Size Estimator can assist you in your quant study designs by giving an estimate of a necessary sample size based on a desired level of precision, the estimated standard deviation of your study, the expected range of measuremetns, and  your desired confidence interval.

To use the estimator, input the following parameters into the spinners and slider on the left below:

  • The desired level of precision
  • (Expected) Standard deviation (s)
  • The lagest measurement (Max Value) you would expect
  • The smallest measurement (Min Value) you would expect
  • The level of confidence you desire for this study (this tool doesn't work at less than 80% CL)
As you adjust these inputs you can observe the effect on study outputs to the right:
  • The vertical bar shows the max and min study value with growing and shrinking error bars around a midpoint value to show the relative size of the confidence interval to the range of expected data.
  • The box to the right displays the sample size needed to achieve your desired study outcomes.

EXAMPLE: A follow-up study is being done to estimate the price of a new medical device. Senior management wants 99% confidence of the price with a +/- $250 precision. In the initial study, the highest response was $18000 and the lowest was $2500. If the variance in the initial study was $1278 then the model suggests that the pricing study needs to have 172 respondents.


Updated July 28, 2010
Copyright Clarity Research, LLC.