If the Standard Deviation for a Population Is Estimated to Be

question 48

Multiple Choice

If the standard deviation for a population is estimated to be 3,the level of error is set at .25,and the confidence level sought is equal to 95%,what sample size is needed for an international market research study that is examining consumer satisfaction with a product? (Assume a scale of "1 = extremely dissatisfied" and "10 = extremely satisfied")

• A) 350
• B) 554
• C) 756
• D) 1670
• E) 2274

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Definitions:

Taxes Payable

Current liabilities representing the amount of taxes owed to governmental authorities that have not yet been paid.

Federal Unemployment Taxes

Taxes imposed on the employer by the federal government that provide benefits for a limited time period to employees who lose their jobs through no fault of their own.

Payroll Tax Expense

Taxes that an employer pays related to the salaries and wages of employees, including social security tax, Medicare tax, and federal and state unemployment taxes.

Medical Insurance Deductions

Amounts deducted from an employee's paycheck to cover health insurance premiums, typically part of an employer's benefits package.