If No Estimate of P Exists When Determining the Sample

question 67

True/False

If no estimate of p exists when determining the sample size for a confidence interval for a
proportion, we can use .5 in the formula to get a value for n.

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Definitions:

Approach Phase

in sales refers to the initial stage of the sales process where a salesperson first makes contact with a prospective customer.

Trial Close

A sales technique where the salesperson presents a question or statement to the potential buyer to gauge their readiness to complete the purchase.

Prospect Pool

A group of potential customers or clients identified as likely to be interested in a company's products or services.

Orphans

In sales, accounts that have lost their representatives and require reassignment or special attention to maintain the relationship.