Use the Given Data to Find the Minimum Sample Size $\hat { p }$

question 136

Multiple Choice

Use the given data to find the minimum sample size required to estimate the population proportion.
-Margin of error: 0.04; confidence level: 95%; from a prior study, $\hat { p }$ is estimated by the decimal equivalent of 60%.

• A) 1441
• B) 996
• C) 519
• D) 577

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Definitions:

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Refers to the state of flourishing, thriving, good fortune or successful social status in terms of wealth, health, and overall well-being in an economy.

Lower Per Unit Costs

A reduction in the cost to produce a single unit of a product or service, usually achieved through economies of scale or technological advancements.

Division Of Labor

The allocation of different tasks to different people or entities based on specialization, contributing to efficiency in production.

Specialize

Refers to focusing on a specific area of study, work, or production to gain expertise and efficiency.