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

question 67

Multiple Choice

Use the given data to find the minimum sample size required to estimate the population proportion.
-Margin of error: 0.07; confidence level: 95%; from a prior study, $\hat { p }$ is estimated by the decimal equivalent of 92%.

• A) 51
• B) 174
• C) 58
• D) 4

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Definitions:

Bankruptcy Process

A legal procedure for dealing with debt problems of individuals or businesses allowing for the restructuring or elimination of debts.

Bankruptcy

A legal process wherein individuals or entities that are unable to repay their debts can seek relief from some or all of their financial obligations.

Debts

Money owed by one party to another under an agreement that repayment will occur at a later date.

Bankrupt Discharged

Refers to the legal status whereby an individual or entity, previously declared bankrupt, has been officially released from most, if not all, debt obligations by a court.