Use the Given Data to Find the Minimum Sample Size $\hat { p }$

question 40

Multiple Choice

Use the given data to find the minimum sample size required to estimate the population proportion.
-Margin of error: 0.04; confidence level: 99%; from a prior study, $\hat { p }$ is estimated by 0.14.

• A) 499
• B) 20
• C) 289
• D) 599

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Definitions:

Implicit Rate

The interest rate implied in the terms of a lease, representing the lessor's yield if not explicitly stated.

Financing Income-Leases

Income generated from leasing out assets, under which the lessor retains ownership of the asset and provides the lessee the right to use it for a specific period.

Unearned Financing Income-Leases

Income recognized by a lessor prior to providing the associated services or goods under a lease agreement, which must be earned over the lease term.

Gross Investment In Leased Asset

The total initial cost of an asset that is acquired for leasing out to others, including both the cash price and any additional expenses.