The Sample Size Needed to Provide a Margin of Error

question 25

Multiple Choice

The sample size needed to provide a margin of error of 2 or less with a .95 probability when the population standard deviation equals 11 is

• A)10
• B)11
• C)116
• D)117

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Definitions:

Government Spend

Public expenditure by government entities on goods, services, and infrastructure for a country's economy and citizens' welfare.

Import Quota

Limit on the quantity of a good that can be imported.

Acreage Limitation

Policies or regulations that restrict the amount of land that can be used or owned, often for agricultural purposes.

Import Tariff

A tax imposed by a government on goods imported from other countries, often to protect domestic industries.