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.

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Definitions:

Disposable Income

The spendable income of households after income tax deductions tailored for saving and spending.

Disposable Income

The financial resources meant for household spending and saving after settling income taxes.

Saving

The act of setting aside a portion of current income for future use, either by holding the funds in cash or investing them.

Disposable Income

Spendable and savable funds available to households after the deduction of income taxes.