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The optimum sample size is based on a trade-off between the precision required for the estimate(s) and the cost of sampling. The precision required depends on the consequences of making the wrong decision. I would expect much higher precision for a medical trial than I would for a weather forecast.
The necessary sample size, to attain that precision will depend on the characteristic that is being estimated (mean, variance, proportion), the underlying distribution and the test being used. Then there is the cost (money and time) that depend on the sample size.
Since you have not bothered to share any information on any of these factors, I cannot provide a more useful answer.
The optimum sample size is based on a trade-off between the precision required for the estimate(s) and the cost of sampling. The precision required depends on the consequences of making the wrong decision. I would expect much higher precision for a medical trial than I would for a weather forecast.
The necessary sample size, to attain that precision will depend on the characteristic that is being estimated (mean, variance, proportion), the underlying distribution and the test being used. Then there is the cost (money and time) that depend on the sample size.
Since you have not bothered to share any information on any of these factors, I cannot provide a more useful answer.
The optimum sample size is based on a trade-off between the precision required for the estimate(s) and the cost of sampling. The precision required depends on the consequences of making the wrong decision. I would expect much higher precision for a medical trial than I would for a weather forecast.
The necessary sample size, to attain that precision will depend on the characteristic that is being estimated (mean, variance, proportion), the underlying distribution and the test being used. Then there is the cost (money and time) that depend on the sample size.
Since you have not bothered to share any information on any of these factors, I cannot provide a more useful answer.
The optimum sample size is based on a trade-off between the precision required for the estimate(s) and the cost of sampling. The precision required depends on the consequences of making the wrong decision. I would expect much higher precision for a medical trial than I would for a weather forecast.
The necessary sample size, to attain that precision will depend on the characteristic that is being estimated (mean, variance, proportion), the underlying distribution and the test being used. Then there is the cost (money and time) that depend on the sample size.
Since you have not bothered to share any information on any of these factors, I cannot provide a more useful answer.
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EzraThe optimum sample size is based on a trade-off between the precision required for the estimate(s) and the cost of sampling. The precision required depends on the consequences of making the wrong decision. I would expect much higher precision for a medical trial than I would for a weather forecast.
The necessary sample size, to attain that precision will depend on the characteristic that is being estimated (mean, variance, proportion), the underlying distribution and the test being used. Then there is the cost (money and time) that depend on the sample size.
Since you have not bothered to share any information on any of these factors, I cannot provide a more useful answer.
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Factors to consider in determining sample size?
Factors that determine sample size
What is a sample size?
When something is a sample size, that means it is smaller than the size that is normally available for purchase. Sample size products are usually enough to let you try something before you buy it.
How does sample size affect the margin of error?
The larger the sample size, the smaller the margin of error.
Why would having a larger sample size be a better idea than having a samll sample size when doing an experiment?
less bias and error occur when sample size is larger
How does sample size effect the test statistic?
The larger the sample size, the more accurate the test results.
