Use the Given Data to Find the Minimum Sample Size $\hat { p } \text { and } \hat { q }$

question 28

Multiple Choice

Use the given data to find the minimum sample size required to estimate the population proportion. Margin of error: 0.008 ; confidence level: 98% ; $\hat { p } \text { and } \hat { q }$ unknown

• A) 22,184
• B) 10,384
• C) 21,207
• D) 20,308V

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Definitions:

Price of Hamburgers

The price of hamburgers refers to the cost at which hamburgers are sold, influenced by factors such as production costs, demand, and market competition.

Hamburger Restaurant

is a specific type of dining establishment that specializes in the preparation and sale of hamburgers alongside various accompaniments.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price level in a given time period.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given time period.