To Estimate a Proportion with a 4 Percent Margin of Error

question 89

True/False

To estimate a proportion with a 4 percent margin of error and a 95 percent confidence level, the required sample size is over 800.

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Definitions:

Cost Of Goods Sold

Costs directly involved in the manufacture of products a business sells, specifically labor and materials.

Operating Expenses

Costs associated with the day-to-day functions of a business, excluding costs of goods sold.

Gross Sales

The total sales revenue of a company without any deductions for returns, allowances, or discounts.

Cost Of Goods Sold

The immediate costs associated with manufacturing the products a company markets, including materials and workforce expenses.