To Compute the Minimum Sample Size for an Interval Estimate

question 33

Multiple Choice

To compute the minimum sample size for an interval estimate of μ when the population standard deviation is known, we must first determine all of the following EXCEPT _____.

• A) desired margin of error
• B) confidence level
• C) population standard deviation
• D) degrees of freedom

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Definitions:

Earnings Per Share

A company's net profit divided by the number of its outstanding shares, indicating the profitability per share of stock.

Acid-test Ratio

A financial metric that measures a company's ability to pay its current liabilities without relying on the sale of inventory.

Debt to Assets Ratio

A financial metric indicating the proportion of a company's assets financed through debt, used to assess financial leverage.

Profit Margin

A financial metric used to evaluate the profitability of a business, calculated by dividing net income by sales.