A Human Resources Manager at a Large Company Wants to Estimate

question 132

Multiple Choice

A human resources manager at a large company wants to estimate the proportion of employees that would be interested in reimbursement for college courses.If she wishes to be 95% confident that her estimate is within 5% of the true proportion, how many employees would need to be sampled?

• A)271
• B)385
• C)543
• D)646
• E)1234

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Definitions:

Marginal Cost

The upsurge in full costs resulting from the fabrication of an additional unit of a product or service.

Marginal-Cost Curve

A graphical representation showing how the cost to produce one additional unit of a good or service changes as production volume changes.

Average-Total-Cost Curve

A curve showing the average total cost of producing different levels of output in the short run.

Punishment

A consequence imposed after an undesirable behavior, aimed at reducing that behavior.