Find the Appropriate Minimum Sample Size

question 47

Multiple Choice

Find the appropriate minimum sample size
-You want to be 95% confident that the sample variance is within 30% of the population variance.

• A)97
• B)723
• C)130
• D)346

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a particular marketplace.

Standard Deviation

Standard deviation is a statistical measure that quantifies the variability or dispersion of a set of data points or investment returns around their mean.

Historical Returns

Historical returns refer to the past performance or yield of an investment or portfolio over a specified period of time.

Years

A measurement of time that typically consists of 365 days, or 366 in a leap year, used as a basic unit for gauging durations and intervals.