It Is Known That the Population Variance (σ²) Is 144

question 49

Multiple Choice

It is known that the population variance (σ²) is 144.At 95% confidence, what sample size should be taken so that the margin of error does not exceed 5?

• A) 22
• B) 23
• C) 24
• D) 25

Grasp the concepts and importance of negligence in insurance.

Recognize strategies for risk reduction and their implications.

Understand the principles of insurance replacement value and how it applies to personal property losses.

Identify which scenarios and items are typically covered under a standard home insurance policy.

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Definitions:

Payroll Tax

Assessments required from employers or their employees, usually expressed as a percentage of the remuneration that staff earn.

Federal Income Taxes

Taxes levied by the national government on individual and business earnings.

Married Couple

A legally recognized union between two individuals, typically involving a public declaration of commitment.

Transfer Payments

Payments made by governments to individuals or other sectors in the economy, typically without any goods or services being received in return.