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

question 41

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: 90%; from a prior study, $\hat { p }$ is estimated by 0.30.

• A) 116
• B) 103
• C) 8
• D) 348

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Definitions:

High Pressure Techniques

Sales strategies that aggressively push potential customers towards making a purchase decision quickly, often making them feel uncomfortable.

Sales Process

A systematic approach consisting of several stages designed to help a sales team convert prospective buyers into actual customers.

Talent Management

The strategy of developing, recruiting, retaining, and deploying individuals with the required skills and aptitudes to meet current and future organizational needs.

Marketing Mix

The set of actions, or tactics, that a company uses to promote its brand or product in the market, commonly identified as the 4Ps: Product, Price, Place, and Promotion.