A Regional Hardware Chain Is Interested in Estimating the Proportion

question 163

Multiple Choice

A regional hardware chain is interested in estimating the proportion of their customers who own their own homes. There is some evidence to suggest that the proportion might be around 0.70. Given this, what sample size is required if they wish a 90 percent confidence level with a margin of error of ±.025?

• A) About 355
• B) Approximately 910
• C) Almost 1,300
• D) 100

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Definitions:

Type B Personalities

Describes individuals who are generally laid-back, less stressed, and more adaptable to change.

Religiously Active

Participation in religious activities or practices with consistency and dedication.

Social Connections

The relationships and interactions between individuals in various social contexts, including friendships, family, work, and community ties.

Higher Death Rate

An increase in the number of deaths in a particular population or area, often measured per 1000 or 100,000 people within a specified time frame.