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A Politician Wants to Estimate the Percentage of People Who

question 75

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A politician wants to estimate the percentage of people who like his new slogan. Given that no prior estimate of the population proportion is available, what is the minimum sample size such that the margin of error is no more than 0.08 for a 95% confidence interval?


Definitions:

Cost Behavior

The way in which a cost changes in relation to variation in an activity level or volume.

Danish Yorkshire

A breed of pig known for its high meat quality, originally from Denmark.

Reciprocal Allocation Method

A method of allocating service costs that explicitly recognizes all interactions among the service departments.

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