Sample Size is determined 2 steps:

Calculate sample size for infinite population

Adjust the sample size for required population

S=Z2*P*(1-P)/M2

S=sample size for infinite population

Z=z score

P=population proportion (assumed to ne 50%=0.5)

M=Margin of error = small amount that is allowed for incase of miscalculation or change of
circumstances. Considered as 5%=0.05

Z score is determined based on Confidence level

Confidence level is the probability that the value of a parameter falls within a specified range of
values.

CL Z
90% 1.645
95% 1.960
99% 2.576

S = (1.96)2 *0.5*(1-0.5)/(0.05)2

=3.8416*0.25/0.0025

=384.16

=385

Adjust for required population say 100000

Adjusted sample size = (S)/1 + [(S-1)/population]

384.16/1+[384.16-1)/100000]

382.69