A University's Administrator Proposes to Do an Analysis of the Proportion

question 8

Multiple Choice

A university's administrator proposes to do an analysis of the proportion of graduates who have not found employment in their major field one year after graduation.In previous years, the percentage averaged 15%.He wants the margin of error to be within 5% at a 99% confidence level.What sample size will suffice?

• A)17
• B)138.3
• C)407
• D)196
• E) 339

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Definitions:

Reduced Competition

A market condition where there are fewer rivals competing for customers, often leading to increased prices and reduced innovation.

Price Discrimination

The strategy of selling the same product to different buyers at different prices based on factors like age, location, or purchase volume, often to maximize profits.

Fair Competition

A level playing field in business where no one has an unfair advantage, ensuring healthy rivalry among companies.

Global Workforces

Employees located across multiple countries around the world, often emphasizing the diversity and distribution of a company's personnel.