Find the Minimum Sample Size Required to Estimate a Population

question 3

Short Answer

Find the minimum sample size required to estimate a population mean
-Margin of error: 7 km; confidence level: 90%;

---

Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit customers by comparing net credit sales to the average accounts receivable.

Inventory Turnover

A measure of how frequently a company sells and replaces its stock of goods during a certain period. It indicates the efficiency of inventory management.

Cash Inflows

Money that is received by a company from its various business activities, including sales, financing, or investments.

Operating Cash Flow

Operating Cash Flow refers to the cash generated from a company’s normal business operations, indicating whether a company is able to generate sufficient positive cash flow to maintain and grow its operations.