The Minimum Sample Size N Required to Estimate a Population

question 57

Multiple Choice

The minimum sample size n required to estimate a population proportion, with 95% confidence and the assumed most conservative = 0.5, was found to be 122. Which of the following is the approximate value of the assumed desired margin of error?

• A) D = 0.0055
• B) D = 0.0078
• C) D = 0.0745
• D) D = 0.0887

---

Definitions:

AI Systems

Artificial Intelligence Systems are computer-based systems that can perform tasks typically requiring human intelligence, including learning, problem-solving, and pattern recognition.

Recommendation Engines

AI systems that help people discover things they may like but are unlikely to discover on their own.

Retail Industry

The sector of the economy that deals with the sale of goods and services directly to consumers.

AI

Stands for Artificial Intelligence, a field of computer science aimed at creating machines capable of performing tasks that typically require human intelligence.