Use the Given Data to Find the Minimum Sample Size

question 7

Multiple Choice

Use the given data to find the minimum sample size required to estimate the population proportion. Margin of error: 0.028; confidence level: 99%; p and q unknown

• A) 1116
• B) 2223
• C) 1939
• D) 2115

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Definitions:

Product Development Strategy

A plan guiding the creation, design, and marketing of new or improved products to meet customer needs and market demand.

Portfolio

A collection of investments or projects held or managed by an individual, company, or institution, aiming to diversify risk and maximize returns.

Competitive Strategy

A planned approach adopted by a company to achieve a competitive advantage and outperform its rivals.

Marketing and Sales Strategy

A plan of action designed to promote and sell a product or service, combining market research, product development, and promotional techniques.