The Sample Size That Guarantees the Estimate of a Population

question 40

Multiple Choice

The sample size that guarantees the estimate of a population proportion satisfying the margin of error requirement is computed using a planning value of p equal to​

• A) ​.01.
• B) ​.50.
• C) ​.51.
• D) ​.99.

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Definitions:

Mislabels

The incorrect or misleading labeling of products, often leading to confusion, potentially dangerous situations, or violation of regulations.

Fraud

A deliberate deception practiced to secure unfair or unlawful gain, typically involving financial or personal gain.

Product Liability

The legal responsibility of manufacturers and sellers to compensate for injury or damage caused by defective products.

Risk-Utility Analysis

A process used to evaluate the safety of a product by weighing the risks associated with its use against its utility or benefits.