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The funny thing about sample sizes is that they don't scale with population size. [Edited the part where I said they don't scale "much"... they don't scale.]

If you're studying a phenomena with less than 5% impact, you need 1000+ data points to reach 95% significance.

http://en.wikipedia.org/wiki/Statistical_hypothesis_testing [Fixed link, deleted my incorrect comment.]



Looks like we just replied to nostrademons at the same time, but we slightly disagree. You say that the dependence on population size is slow (sqrt) but I say there is no dependence for most cases. Are you sure you aren't confusing the dependence of confidence on sample size as opposed to population size? See, e.g.,

http://en.wikipedia.org/wiki/Statistical_significance#Signal...

I could be making a mistake somewhere.


No, you're right. I edited my comment.




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