Provide an Appropriate Response $98 \%$ Confident That the Sample Proportion Will Not Differ from the Proportion

question 41

Multiple Choice

Provide an appropriate response.
-A senator wishes to estimate the proportion of United States voters who favor abolishing the Electoral College. How large a sample is needed in order to be $98 \%$ confident that the sample proportion will not differ from the true proportion by more than $5 \%$ ?

• A) 543
• B) 385
• C) 12
• D) 1086

Understand the role of resource pricing and its significance in economics.

Analyze how firms achieve profit-maximizing equilibrium through resource allocation.

Recognize the derived nature of labor demand and its dependence on product demand.

Know the concept and importance of marginal product (MP) and marginal revenue product (MRP) in resource employment.

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Definitions:

Negative Reinforcement

A behavioral psychology concept where the removal of an undesirable or negative stimulus strengthens a behavior.

Aspirin

A medication used to reduce pain, fever, inflammation, and in low doses, to prevent blood clots.

Headache

A common condition involving pain or discomfort in the head, scalp, or neck, often associated with tension, migraines, or other health issues.

Generalization

The process of applying the outcome of a particular case to a broader range of situations or groups.