You Want to Be 95% Confident That the Sample Variance

question 5

Multiple Choice

You want to be 95% confident that the sample variance is within 40% of the population variance. Find the appropriate minimum sample size.

• A) 57
• B) 224
• C) 14
• D) 11

---

Definitions:

Balance Sheet

A financial statement that outlines a company's financial position at a specific point in time, including assets, liabilities, and shareholders' equity.

Vehicle Reported

Vehicle Reported typically refers to the documentation or registration of vehicles with authorities or in reports, often in the context of accidents, sales, or legal requirements.

Contingent Liability

A potential financial obligation that may arise depending on the outcome of a future event.

Journal Entry

A record in accounting that denotes a business transaction, including information on the accounts affected and whether they are debited or credited.