You Want to Be $95 \%$ Confident That the Sample Variance Is Within

question 154

Multiple Choice

You want to be $95 \%$ confident that the sample variance is within $40 \%$ of the population variance. Find the appropriate minimum sample size.

• A) 57
• B) 14
• C) 11
• D) 224

---

Definitions:

Profit Center

A profit center is a branch or division of a company that is responsible for generating its own revenue and profit, evaluated independently.

Financial Statements

Papers that offer a summary of a firm's financial status, featuring the balance sheet, income statement, and cash flow statement.

Income Statement

A financial report that shows a company's revenues, expenses, and net profit or loss over a specific period.

Balance Sheet

A document which condenses the details of a corporation's assets, liabilities, and owners' equity at a certain moment, offering a glimpse into its financial health.