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:

Patient or Vendor Accounts

Financial records detailing transactions between a patient or vendor and a healthcare provider or facility.

Cash Control Sheet

A financial document used to record and monitor cash transactions within a business.

Credit and Debit Card Payments

Electronic payment methods where credit cards borrow funds from the issuing bank to make a purchase, while debit cards deduct money directly from the cardholder's bank account.

Manual Recording

The process of documenting information by hand, as opposed to using electronic means.