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

question 160

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: 99%; from a prior study, $\hat { \mathrm { p } }$ is estimated by 0.12.

• A) 526
• B) 254
• C) 18
• D) 438

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Definitions:

Customers

Individuals or entities that purchase goods or services from a business.

Operating Activity

Day-to-day actions and transactions that are directly related to running a business, such as sales and purchases.

Paying Wages

The act of compensating employees for their labor, typically calculated by hours worked or tasks completed.

Office Equipment

Non-consumable items used in an office setting for administrative or operational purposes, such as computers, printers, and furniture.