If the Estimated Population Proportion Is 30 Percent Based on Previous

question 12

Multiple Choice

If the estimated population proportion is 30 percent based on previous studies, the acceptable error is plus or minus 5 percent, and the z-value for a 95 percent level of confidence is 1.96, the needed sample size is approximately:

• A) 323.
• B) 187.
• C) 36.
• D) 212.
• E) 554.

---

Definitions:

Limited Liability Company

A business structure in the United States that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Private Corporation

An entity owned by private individuals or entities, not publicly traded, and not owned or operated by the government.

Sole Proprietorship Company

A business entity owned and operated by a single individual, with no legal distinction between the owner and the business.

Risk Analysis

The process of identifying and assessing the potential risks that may negatively impact an organization's capital and earnings.