In Generalizing from a Sample, in Order to Achieve an Error

question 20

Multiple Choice

In generalizing from a sample, in order to achieve an error margin of plus or minus 3 percentage points at a confidence level of about 95 percent, what's the smallest random sample we can get away with, regardless of the size of the population?

• A)10 percent of the population
• B)100
• C)500
• D)1,000
• E)5,000

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Definitions:

First Names

The names given to individuals at birth or adoption, used for personal identification and often placed before the family name.

People

Individuals or groups involved in or affected by the operations and activities of an organization.

Cultural Differences

Variations in the beliefs, values, habits, and practices of different societies, which can impact interactions and business operations.

Global Organizations

Entities that operate in multiple countries, transcending national boundaries to achieve their objectives.