Suppose We Wish to Find the Required Sample Size to Find

question 37

Multiple Choice

Suppose we wish to find the required sample size to find a 90% confidence interval for the population proportion with the desired margin of error. If there is no rough estimate of the population proportion, what value should be assumed for ?

• A) 0.05
• B) 0.10
• C) 0.50
• D) 0.90

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Definitions:

Ratio Based

A method or analysis that involves the comparison of two or more numbers to evaluate the performance, condition, or relationship of different financial aspects of a business.

Net Income

The net income of a business following the subtraction of all costs and taxes from its total revenue.

Capital Balances

This represents the amount of funds that shareholders have invested in a company, often reflected in the equity section of a balance sheet.