In Selecting the Sample Size to Estimate the Population Proportion

question 28

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 , 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:

Maturity Date

The date on which the final payment for a loan, bond, or other financial instrument is due to be paid.

Interest Rate

The percentage charged on the total amount of borrowed money or paid on deposited funds, influencing the cost of loans and savings.

Initial Amount

The starting sum or value in financial transactions or calculations.

Stock Ownerships

The holding of shares in a company, which represents a claim on the company's assets and earnings.