Which of the Following Factors Affect the Size of a Sample

question 77

Multiple Choice

Which of the following factors affect the size of a sample needed when working with a probabilistic sample?

• A)The amount of diversity or variation of the parameter in question within the population
• B)How precise the estimate must be
• C)The degree of confidence you'd like to have
• D)All of these are correct.
• E)None of these are correct.

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Definitions:

Traceable Fixed Expenses

Fixed costs that can be directly linked to a specific business segment or product, aiding in profitability analysis.

Contribution Margin

The difference between sales revenue and variable costs, representing the portion of sales revenue that exceeds variable costs.

Variable Expenses

refer to costs that change in proportion to the level of production or sales volume.

Return On Investment

A measure of the profitability of an investment, calculated by dividing the net profit from the investment by its cost.