We Are Interested in Conducting a Study to Determine the Percentage

question 82

Multiple Choice

We are interested in conducting a study to determine the percentage of voters of a state would vote for the incumbent governor. What is the minimum sample size needed to estimate the population proportion with a margin of error of .05 or less at 95% confidence?

• A) 200.
• B) 100.
• C) 58.
• D) 385.

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Definitions:

Purchase Costs

The actual amount paid or the expense incurred in acquiring goods or services, including the product price, shipping, and handling fees.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.

Physical Inventory

The process of counting the actual inventory on hand at the end of an accounting period, usually for verification purposes.

Inventory System

A system for tracking inventory levels, orders, sales, and deliveries, which can be manual or technologically driven, helping businesses manage their stock efficiently.