When Determining the Sample Size Necessary for Estimating the True

question 104

Multiple Choice

When determining the sample size necessary for estimating the true population mean, which factor is not considered when sampling with replacement?

• A) The population size
• B) The population standard deviation
• C) The level of confidence desired in the estimate
• D) The allowable or tolerable sampling error

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Definitions:

Exchange Gain

A profit resulting from foreign currency transactions when the value of the currency received is higher than the value of the currency exchanged at the transaction rate.

Spot Rate

The current market price for immediate settlement of a currency exchange, commodity, or security.

Singapore Dollars (SGD)

The official currency of Singapore, represented by the symbol S$.

Cash-flow Hedge

A hedge of the exposure to variability in cash flows that is attributable to a particular risk associated with a recognized asset or liability, or a forecasted transaction.