How to define population proportion (prevalence) for sample size determination?
We often see the equation as: Sample Size= Z2.p.(1-p)/d2
in this particular sample size determination equation which is also called as Fisher's equation, I often see researchers to use 0.5 as prevalence. my question is should it be used always as 0.5 in all aspect? Some friends of mine also said it is rather probability of getting a response for any particular question which defines the value. But I was wondering if I can get an appropriate answer from this platform which can stop me for searching any further.