THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 125

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A regional CPA firm conducted an audit for a discount chain.One part of the audit involved developing an estimate for the mean dollar error in total charges that occur during the checkout process.They wish to develop a 90% confidence interval estimate for the population mean.A simple random sample of n = 20 is selected,with the following data (in dollars):

-In a recent survey of personnel directors,71% thought that they should hire new personnel over the next three months.The researcher conducting the survey reported that the 99% confidence interval for the proportion of all personnel directors planning to hire personnel over the next three months was from 0.68 to 0.74.What is the sample size taken by the researcher?

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Definitions:

Sales Call Allocation

The process of distributing or assigning sales calls or visits among sales team members based on criteria like territory, specialization, or workload.

Account Segmentation

The process of dividing a company's customer accounts into distinct groups based on criteria such as size, needs, or behavior to tailor marketing and sales approaches.

Territory Management

The process of managing sales or business operations within a specific geographical area to maximize efficiency and productivity.

80/20 Principle

A rule suggesting that 80% of outcomes result from 20% of all causes for any given event.