Provide an Appropriate Response $\hat { p }$ If We Have No Prior Information, What Are Two Methods

question 37

Essay

Provide an appropriate response.
-When determining sample size we need to know $\hat { p }$ If we have no prior information, what are two methods that can be used?

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Definitions:

FCC Subsidies

Financial assistance programs provided by the Federal Communications Commission to promote access to telecommunications services in underserved or high-cost areas.

Entry Barriers

Factors or conditions in the marketplace that make it difficult for new competitors to enter a market or industry.

Competitors

Other businesses or individuals who offer similar goods or services, competing for the same customers or market share.

Market

A venue or environment where buyers and sellers interact to trade goods, services, or information, often setting prices through supply and demand.