In Selecting the Sample Size to Estimate the Population Proportion $\hat { P }$

question 53

Multiple Choice

In selecting the sample size to estimate the population proportion p,if we have no knowledge of even the approximate values of the sample proportion $\hat { P }$ ,we:

• A) take another sample and estimate.
• B) take two more samples and find the average of their.
• C) let= 0.50.
• D) let= 0.95.

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Definitions:

Natural Rate of Unemployment

The level of unemployment expected in an economy when it is operating at full capacity, not influenced by short-term economic fluctuations.

Labor Underutilization

A situation where workers' skills, time, or abilities are not fully utilized in their current employment situation.

Labor Underutilization

A broader measure of unemployment that includes people who are not actively looking for work, but who would work if a job was available, and part-time workers who would prefer full-time positions.

Labor-Force Participation Rate

The rate of the labor force participants who are of working age, encompassing those in employment and those actively searching for a job.