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

Define and describe barriers to entry in a market and how they affect new and existing firms.

Recognize the role and contribution of small businesses to the U.S. economy and their position in the competitive landscape.

Understand the implications of legislation on price-fixing and its effect on competition.

Explain the concept of regulation and its impact on the conduct of business activities.

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Definitions:

Chemistry

The branch of science concerned with the substances of which matter is composed, their properties, reactions, and the use of such reactions to form new substances.

Cognitive Processes

The mental activities associated with thinking, knowing, remembering, and communicating information.

Lived Experience

One's personal perception and lived events, shaped by individual circumstances and context.

Mental Representation

An internal image, concept, or symbolic encoding of external reality within the mind.