A Human Resources Manager at a Large Company Wants to Estimate

question 15

Multiple Choice

A human resources manager at a large company wants to estimate the proportion
Of employees that would be interested in reimbursement for college courses. If she
Wishes to be 95% confident that her estimate is within 5% of the true proportion, how
Many employees would need to be sampled?

• A) 271
• B) 385
• C) 543
• D) 646
• E) 1234

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Definitions:

Direct Method

A cost allocation method that assigns costs directly to cost objects without using any intermediate cost pools or allocations.

Cash Basis

An accounting method where revenues and expenses are recognized only when cash is received or paid, respectively.

Accounts Receivable

Funds that customers owe to a business for products or services that have been provided but remain unpaid.

Cash Collected

The total amount of money received by a company during a specific period, usually from its operations or activities.