In Determining the Sample Size to Estimate a Population Proportion,as

question 5

Multiple Choice

In determining the sample size to estimate a population proportion,as p approaches .5,the calculated value of the sample size ______________.

• A)Stays the same
• B)Decreases
• C)Increases

---

Definitions:

Variable Costs

Costs that vary directly with the level of production output, such as materials and labor.

Lawn-mowing

The action of cutting the grass in a yard or garden to maintain its appearance and health.

Perfectly Competitive

A market structure characterized by a large number of small firms, a homogeneous product, freedom of entry and exit, and perfect knowledge.

Fixed Cost

Expenses that do not change in proportion to the activity of a business, such as rent or salaries.