Find the Sample Size

question 16

Multiple Choice

Find the sample size.
-Top management at a large software company wishes to estimate the average number
Of hours its firm's professional employees volunteer in the local community. Based on
Past similar studies, the standard deviation was found to be 2.22 hours. If top
Management wants to estimate the average number of hours volunteered per month by
Their professional staff to within one hour with 99% confidence, how many randomly
Selected professional employees would they need to sample?

• A) 19
• B) 25
• C) 54
• D) 44
• E) 33

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Definitions:

Family Income

The combined total income earned by all members of a family, typically calculated annually and considered for purposes of taxation and determining eligibility for financial aid.

Cash Transfers

Payments made in cash from one party to another, often used in the context of social welfare programs where the government provides money directly to individuals.

Money Income

The total income received in the form of money, including wages, salaries, and investment earnings.

Incidence Of Poverty

The measure of the fraction or percentage of a population that falls below the poverty line, indicating the proportion living in poverty.