The Size of the Sample Required to Estimate a Population

question 17

Multiple Choice

The size of the sample required to estimate a population mean is ____ proportional to the ____ of the characteristic in the population.

• A)directly,variability
• B)inversely,variability
• C)inversely,size
• D)directly,size
• E)uniformly,size

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Definitions:

Machine Disposal

Machine disposal involves the process of removing, selling, or discarding machinery and equipment that is no longer needed, useful, or functional for a business.

Rate Of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's cost.

Luxury Bus

A high-end, comfortable bus service designed for long distances with superior amenities.

Equal End-of-year Amounts

Represents the consistent annual payments made or received over the life of a financial instrument, often associated with loans or investments.