Use the Given Data to Find the Minimum Sample Size $99 \% ; \hat{\mathrm { p }} \text { and } \hat{\mathrm { q }} \text { unknown }$

question 71

Multiple Choice

Use the given data to find the minimum sample size required to estimate the population proportion.
-Margin of error: 0.09; confidence level: $99 \% ; \hat{\mathrm { p }} \text { and } \hat{\mathrm { q }} \text { unknown }$

• A) 239
• B) 138
• C) 205
• D) 224

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Definitions:

Market System

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, with prices determined in free markets.

Self-Interest

An individual's actions and decisions are motivated by their own personal gain or interest, often considered as the driving force behind economic activity.

Competition

is the rivalry among sellers in the same market to attract customers by offering better terms, quality, or services.