Find the Sample Size

question 26

Multiple Choice

Find the sample size.
-The U.S. Department of Labor wants to estimate the percentage of females in the
Labor force to within ±2% with 90% confidence. As a planning value they use 46%, the
Reported percentage of females in the labor force of EU (European Union) countries.
How many employment records should be sampled?

Definitions:

General Journal Entries

The records of financial transactions in the chronological order in which they occur, used as a preliminary step in building the company's financial statements.

Raw Materials

The basic materials that are used in the manufacturing process to create finished goods.

Direct Labor

The wages or costs associated with workers who are directly involved in the production of goods or services.

Indirect Labor Costs

Expenses for labor that supports the production process but is not directly involved in the creation of the product or service.