When Determining the Sample Size for a Proportion for a Given

question 116

Multiple Choice

When determining the sample size for a proportion for a given level of confidence and sampling error,the closer to 0.50 that is estimated to be,the sample size required_____ .

• A)is smaller
• B)is larger
• C)is not affected
• D)can be smaller,larger or unaffected

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Definitions:

Laissez-faire Market

An economic model where exchanges between individuals or businesses are not subject to governmental regulations, preferential treatments, duties, or financial support.

Economics

The social science that studies the production, distribution, and consumption of goods and services.

Sociology

The study of social behavior, society, patterns of social relationships, social interaction, and culture that surrounds everyday life.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in GDP, real income, employment, industrial production, and wholesale-retail sales.