Which of the Following Is True of Probability Sample Sizes

question 35

Multiple Choice

Which of the following is True of probability sample sizes?

• A) The more precise the required sample results, the larger the sample size.
• B) The smaller the desired error, the smaller the sample size.
• C) The shorter the variability in the data being estimated, the larger the sample size needed.
• D) The higher the level of confidence desired, the smaller the sample size needed.
• E) The population standard deviation is a measure of the dispersion of the population, and its square root is referred to as the population variance.

---

Definitions:

Excess Reserves

The reserves held by banks in excess of what is required by regulations, which can be loaned out to generate additional income.

Required Reserves

The portion of depositors' balances that banks must have on hand as cash or as deposits with the central bank, mandated by the regulatory body.

Total Reserves

The sum of a bank's deposits at the central bank and the cash in its vault available for immediate withdrawal.

Legal Reserve

The minimum amount of funds that a bank or financial institution must hold in reserve against deposits, as mandated by regulatory authorities.