The USDepartment of Labor Wants to Estimate the Percentage of Females

question 4

Multiple Choice

The U.S.Department of Labor wants to estimate the percentage of females in the labor force to within ±2% 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)1681

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Definitions:

Time-Sales Finance

Financing arrangements that allow consumers to purchase goods or services over time, typically involving installment payments.

Installment Contract

A legal agreement requiring regular payments over time for the purchase of goods or services, typically used for expensive items.

Conditional Sales Contracts

Agreements where the sale is contingent upon certain conditions, often used in transactions involving goods or property.

Purchased Equipment

Machinery or tools acquired by a business for use in its operations, representing capital expenditure and an enhancement of operational capacities.