The Sample Size Needed to Estimate a Population Mean to Within

question 80

Multiple Choice

The sample size needed to estimate a population mean to within 50 units was found to be 97.If the population standard deviation was 250,then the confidence level used was

• A)90%
• B)95%
• C)99%
• D)None of these choices.

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Definitions:

Parent-Company Extension Method

An accounting method where the financial statements of the parent company include its investments in subsidiaries without consolidating their individual financial statements.

IFRS 3

An International Financial Reporting Standard that outlines the accounting requirements for business combinations.

Entity Method

A consolidation method wherein investments in subsidiaries are reported at cost and income from the investment is recognized to the extent of dividends received.

Subsidiary

A company that is controlled by another company, typically through ownership of more than half of its voting stock.