A Population Proportion Is to Be Estimated

question 93

Multiple Choice

A population proportion is to be estimated. Estimate the minimum sample size needed to achieve the specified margin of error with a 95% degree of confidence.
-A researcher wishes to estimate the proportion of adults living in rural areas who own a gun. He wishes to achieve a margin of error of 1.5%. What is the minimum sample size needed?

• A)8888
• B)2222
• C)4444
• D)67

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Definitions:

Bond Indenture

A legal contract between a bond issuer and bondholders detailing the characteristics of the bond, such as its maturity date, coupon rate, and payment schedule.

Bond Issuer

An entity, such as a corporation or government, that creates and sells bonds to finance its projects and operations.

Fiscal Year

A one-year period used for financial reporting and budgeting purposes, which does not necessarily align with the calendar year.

Semiannual Interest

Interest that's computed and disbursed semi-annually, commonly associated with bonds and loans.