Defining the size of random samples based upon expected mean differences
Question: How large do my (sub) samples have to be if I want a mean difference between two samples to be significant?
Essential factors for this calculation are:
1. The expected standard deviation
i.e. the distribution of the mean values measured in the samples. If the standard deviation is unknown, the rule of thumb is used:
(scale maximum - scale minimum)/3.
2. The expected mean differences
3. The desired significance level
i.e. the statistical probability that two means actually differ from one another.
Market research normally targets a significance level of 95%.