When Estimating the Mean of a Particular Population,doubling the Range

question 2

Multiple Choice

When estimating the mean of a particular population,doubling the range of acceptable error will reduce the sample size n to what?

• A)n/8
• B)n/16
• C)n/4
• D)3n/7

---

Definitions:

Incremental Revenues

Additional income received from a particular action or decision, beyond what was previously earned.

Incremental Costs

Additional costs that result from increasing production or engaging in a new activity, often used in decision-making processes.

Operating Capacity

The maximum level of activity that a company can sustain with its current resources and infrastructure.

Out-of-pocket Cost

Expenses that require immediate cash payment by an individual or company.