Well with 277 million accounts, you may need something more like 2.7 million just to get 1% of the user base...
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Well with 277 million accounts, you may need something more like 2.7 million just to get 1% of the user base...
I agree, of course. I just wanted to say that the sample there somewhere between 600 - 700 is representative enough that it can be argued that 20% of PayPal users would use crypto. I know a few guys who use SPSS for analysis and they claim it. I'm not a statistician and I have no reason not to believe them. So if we look at it that 20% of all 277 million users are somewhere, by eye, 50 million and if we take 10% less that’s 45 million and that’s a huge number. 💰 💰 💰
No, you don't need a certain percentage of the user base. You only need a random sample of a certain absolute size to get the margin of error within a certain limit.
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What sample size would be appropriate for 200 million plus accounts?
The exact same sample size that would be appropriate for 20 million plus or 2 million plus accounts or 20,000 plus accounts.
It's the sample size itself that matters and the degree to which the sample size is representative i.e. non-biased.
And what size would that be?
It depends on how confident you want to be in your estimate.
You can play with the numbers here, for example:
https://www.surveysystem.com/sscalc.htm
It's not 277M. You can only buy btc in states I think. Here in Canada is not available yet.
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Any idea how many that might be? A recent survey says roughly 60% of Americans have a paypal account, which comes out to about 192 million Americans. That number could be off quite a bit though.
Of course. It should also be mentioned here that many PayPal users already use crypto. And they also voted in favor. Otherwise, I am a longtime PayPal user but for certain matters I use crypto and I don’t know if I would use this in PayPal. Well, maybe PayPal will be the point where crypto will be used for general purchases ...