When Solving for the Sample Size Needed to Compute a 95

question 140

Multiple Choice

When solving for the sample size needed to compute a 95 percent confidence interval for a population proportion p,having a given error bound E,we choose a value of that:

• A)Makes as small as reasonably possible.
• B)Makes as large as reasonably possible.
• C)Makes as close to .5 as reasonably possible.
• D)Makes as close to .25 as reasonably possible.
• E)Both makes as large as reasonably possible and Makes as close to .25 as reasonably possible are correct.

---

Definitions:

Compounded Monthly

Interest computation method where interest gains are calculated on a monthly basis, with each month's interest added to the principal for future calculations.

Prize

A reward given for victory or superiority in a contest or competition.

Payments

The transfer of money or goods from one person or entity to another, often in exchange for services or products.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage.