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i. The higher the degree of confidence, the larger the sample required to give a certain precision.
ii. To determine the size of a sample, the standard deviation of the population must be estimated by
Either taking a pilot survey or by approximating it based on knowledge of the population.
iii. One factor in determining the size of a sample is the maximum allowable error that you must
Decide on. It is the maximum error you will tolerate at a specified level of confidence.
Investment Center
A business segment within a company for which the manager has control and responsibility over cost, revenue, and investments.
Target Income
The specific amount of net income that a company aims to achieve for a certain period.
Investment Turnover
Investment turnover measures how efficiently a company generates sales from its investment in fixed assets.
Profit Margin
The percentage of revenue remaining after all expenses, taxes, and costs have been deducted from total sales.
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