College X Is Concerned About Their Employees Making Use of Their

question 39

Multiple Choice

College X is concerned about their employees making use of their email for non-business purposes.
You have been approached to assist in this matter. College X decides on a 95% confidence level
And state that the estimation proportion must be within 2 percent of the population proportion. A
Pilot survey reveals that 10 out of 50 emails sampled were not for business purposes. How many
Emails should be surveyed to meet your requirements?

• A) 910
• B) 1,537
• C) 1,083
• D) 1,221
• E) 2,654

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Definitions:

Interest Expense

The expenditure associated with acquiring funds on loan across a designated duration.

Interest Income

Earnings received from investments in various forms of debt, such as savings accounts, certificates of deposit, and bonds.

Periodic Method

A method of inventory accounting in which the cost of goods sold is determined at the end of an accounting period.

Journal Entries

The recording of financial transactions in a journal in a way that they show the debit and credit effect on the accounting system.