The USDepartment of Labor Wants to Estimate the Percentage of Females

question 11

Multiple Choice

The U.S.Department of Labor wants to estimate the percentage of females in the labor force to within ±5% with 90% confidence.As a planning value they use 46%, the reported percentage of females in the labor force of EU (European Union) countries.How many employment records should be sampled?

• A)121
• B)269
• C)451
• D)382
• E)1000

Understand the professional and scientific nature of psychology and its application to daily life and societal issues.

Grasp the impact of positive psychology on the field and its emphasis on strengths, well-being, and positive individual traits.

Appreciate the interdisciplinary nature of psychology and its relationship with other fields.

Understand the importance of empirical evidence and scientific methods in psychology.

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Definitions:

Income Statements

A financial report that shows a company's revenue and expenses, resulting in net income or loss over a specific period.

Periodic Inventory System

An inventory accounting system where inventory counts and cost of goods sold calculations are made at set intervals, such as monthly or yearly.

Gross Method

An accounting practice where purchases are recorded at their full invoice amount without deducting any cash discounts.

General Journal Entries

The recordings of financial transactions in the general journal, including both the debit and credit sides of each transaction.