Determine the Minimum Sample Size Required for Estimating the Population

question 111

Essay

Determine the minimum sample size required for estimating the population proportion of number of people who drive to work, to within 0.003, with 80% confidence.

---

Definitions:

Fraudulent Representations

False statements knowingly made to deceive others, often to induce them to part with money or property.

Negotiable Note

A written promise to pay a specified sum of money, which can be transferred to others.

Holder in Due Course

A legal term indicating a person who has acquired a negotiable instrument in good faith for value and without notice of any defects.

Negotiation

The process of discussing an issue between two or more parties with competing interests to reach an agreement or compromise.