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Three Factors Are Required to Specify Sample Size: (1)the Variance

question 14

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Three factors are required to specify sample size: (1)the variance of the population;(2)the population mean;and (3)the confidence level.


Definitions:

Mutual Fund

An investment program funded by shareholders that trades in diversified holdings and is professionally managed.

Mortgage

A loan used to purchase a property, where the property itself serves as collateral until the loan is paid off.

Investment

The action of allocating resources, usually money, with the expectation of generating an income or profit.

Bond Buyer

An investor who purchases bonds, which are securities that represent a loan made by the investor to the bond issuer.

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