Which of the Following Statements Best Illustrates the Concept of the "Level

question 9

Multiple Choice

Which of the following statements best illustrates the concept of the "level of confidence" or z value chosen in sample size formulae?

• A)By setting z at 1.96 it means that the manager could expect,if she conducted the survey many,many times,the value of p would fall within the sample error range 95 percent of the time.
• B)By setting z at 1.96 it means that the manager could expect,if she conducted the survey many,many times,the value of p would fall within the sample error range 5 percent of the time.
• C)By setting z at 2.58 it means that the manager could expect,if she conducted the survey many,many times,the value of p would fall within the sample error range 95 percent of the time.
• D)By setting z at 1.96 it means that the manager could expect,if she conducted the survey many,many times,the value of p would fall within the sample error range 99 percent of the time.
• E)By setting z at 2.58 it means that the manager could expect,if she conducted the survey many,many times,the value of p would fall within the sample error range 1 percent of the time.

---

Definitions:

Cost Method

An accounting method used to record investments at their original purchase cost.

Consolidated Net Income

Consolidated net income refers to the total earnings of a parent company and its subsidiaries after taxes and expenses, adjusted for minority interests.

Consolidated Retained Earnings

The cumulative amount of net income earned by a parent company and its subsidiaries, less any dividends paid, as presented in consolidated financial statements.

Consolidated Net Income

Consolidated net income refers to the total profit of a parent company and its subsidiaries after all intercompany transactions have been eliminated, representing the overall earnings of the corporate group.