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For a Given Level of Precision and Confidence Level, a Researcher

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For a given level of precision and confidence level, a researcher determines that he needs a sample size of 400. The study was to find out that the proportion of people who smoke is 30 percent. For the same level of precision and confidence, she would have needed the same sample size if the proportion of those who smoked were to change to:


Definitions:

Top-Level Manager

High-ranking executives responsible for the overall strategic direction and success of an organization, such as CEOs and CFOs.

North America

North America is a continent entirely within the Northern Hemisphere and almost all within the Western Hemisphere; it is composed of countries including but not limited to the United States, Canada, and Mexico.

Scenario Planning

A strategic planning method that organizations use to make flexible long-term plans, based on envisioning various future scenarios.

Contingency Planning

The process of preparing for unforeseen events or emergencies in business operations.

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