How Large a Sample Should Be Taken to Estimate a Population

question 57

Short Answer

How large a sample should be taken to estimate a population proportion to within 0.01 with 90% confidence if the proportion is known to be around 5%?

---

Definitions:

Break-even Point

The level of production or sales at which total revenues equal total costs, resulting in neither profit nor loss.

Second Marriage

A second marriage refers to the act of getting married again after a previous marriage has ended, either through divorce or the death of a spouse.

Divorced Adults

Divorced adults are individuals who have legally dissolved their marriage, requiring adjustment to changes in family dynamics, living arrangements, and lifestyle.

Joint Costs

Costs incurred during the production process that are shared among two or more products.