Assume That You Wish to Estimate a Population Proportion, P

question 89

Multiple Choice

Assume that you wish to estimate a population proportion, p. For the given margin of error and confidence level,determine the sample size required.
-A political action committee is interested in finding out what proportion of voters will support an environmental initiative. Obtain a sample size that will ensure a margin of error of at most 0.07 for A 95% confidence interval. Similar initiatives in the past have gotten 94% support.

• A)45
• B)135
• C)3
• D)40

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Definitions:

LIFO

Last In, First Out, an inventory valuation method that assumes goods purchased last are the first ones sold, affecting the cost of goods sold and inventory valuation.

FIFO

First-In, First-Out; an inventory valuation method where goods first purchased or produced are sold or used first.

IFRS

International Financial Reporting Standards, which are a set of global accounting standards.

LIFO

Last-In, First-Out method, an inventory valuation technique where the latest items added to inventory are the first ones to be used or sold.