After Calculating the Sample Size Needed to Estimate a Population

question 160

Multiple Choice

After calculating the sample size needed to estimate a population proportion to within 0.04, your statistics professor told you the maximum allowable error must be reduced to just .01. If the original calculation led to a sample size of 800, the sample size will now have to be:

• A) 800
• B) 3200
• C) 12,800
• D) 6400
• E) 1600

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Definitions:

Network Design Decisions

Choices made regarding the layout and structure of a network, including the selection of nodes, connections, and the allocation of resources.

Supply Chain Performance

An assessment of how effectively and efficiently a supply chain operates, often evaluated with metrics like delivery times, costs, and product quality.

Supply Chain Cost

All expenses incurred in the production, handling, and distribution of a product or service, from raw materials to delivery to the end user.

Responsiveness

The ability of a company, organization, or system to quickly and effectively react to changes, inquiries, or demands.