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:

Net Pay

The amount of money that an employee actually receives after all deductions, such as taxes and retirement contributions, have been subtracted from their gross pay.

Gross Pay

The total amount of salary or wages earned by an employee before any deductions are made for taxes and other withholdings.

Take-Home Pay

The amount of income left after deductions like taxes and social security contributions are subtracted from the gross salary.

Federal Income Tax

The tax levied by the U.S. government on the annual earnings of individuals, corporations, trusts, and other legal entities.