A Researcher Wants to Estimate the Percent of the Population

question 22

Multiple Choice

A researcher wants to estimate the percent of the population that uses the internet to stay informed on world news issues.The researcher wants to estimate the population proportion with a 98% level of confidence.He estimates from previous studies that at least 65% of the population stay informed on world issues through the internet.He also wants the error to be no more than .03.The approximate sample size should be at least _______.

• A)41
• B)313
• C)1677
• D)1373
• E)1500

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Definitions:

Lottery

A form of gambling that involves drawing numbers at random for a prize, with varying rules and structures depending on the type.

Business Venture

An entrepreneurial enterprise or new business that is undertaken with the expectation and plan of achieving financial gains.

Ultra Conservative

describes an extremely cautious investment strategy or stance, prioritizing capital preservation over growth or high returns.

False Consensus

A cognitive bias where an individual overestimates the extent to which their beliefs, values, or opinions are shared by others.