In Determining the Sample Size N for Estimating the Population

question 6

True/False

In determining the sample size n for estimating the population proportion p,a conservative value of n can be obtained by using 0.50 as an estimate of p.

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Definitions:

Pearson Correlation Coefficient

A measure of the linear correlation between two variables X and Y, giving a value between +1 and -1, where 1 is total positive linear correlation, 0 is no linear correlation, and -1 is total negative linear correlation.

Sales

The action or business of selling products or services to customers.

Experience

The knowledge or mastery of an event or subject gained through involvement in or exposure to it.

Coefficient of Determination

The coefficient of determination, often denoted as R^2, measures the proportion of the variance in the dependent variable that is predictable from the independent variable(s).