Suppose You Wish to Estimate a Population Mean Based

question 35

Multiple Choice

Suppose you wish to estimate a population mean based on a sample of n observations. What sample size is required if you want your estimate to be within 2 of with probability equal to 0.95 if you know the population standard deviation is 12?

• A) 239
• B) 196
• C) 139
• D) 127
• E) 98

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Definitions:

Managerial Attitude

The personal outlook or disposition a manager has towards their duties, responsibilities, and interactions with employees within an organization.

Polycentric

An approach where a business adopts local strategies in international markets, recognizing and adapting to differences.

Howard Perlmutter

A scholar known for his work on the concept of ethnocentric, polycentric, and geocentric orientations in international business.

Managerial Attitudes

The predispositions or orientations that managers have towards people, tasks, and situations in the workplace.