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A Researcher Wants to Estimate the Percent of the Population

question 10

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A researcher wants to estimate the percent of the population that uses the radio to stay informed on local news issues.The researcher wants to estimate the population proportion with a 90% level of confidence. He estimates from previous studies that no more than 30% of the population stay informed on local issues through the radio.The researcher wants the estimate to have an error of no more than .02. The necessary sample size is at least _______.

Understand how external factors (like loan indentures, covenants) can limit a firm’s dividend payments and impact on financial planning.
Understand the importance and techniques of prioritizing problems in social work.
Grasp the concept of partialization in breaking down tasks or services in social work.
Recognize the significance of the engagement process location and strategies in social work.

Definitions:

Customer Demographics

Statistical characteristics of consumers, such as age, gender, income, and education, used to identify market segments.

TAM, SAM, SOM

stands for Total Addressable Market, Serviceable Available Market, and Service Obtainable Market, respectively, and they are metrics used to estimate the potential market size and revenue opportunity for a product or service.

Disposable Income

The amount of income left to an individual after taxes have been paid, available for spending, saving or investing.

Product Application

Goods or services created to meet a demand, thereby providing a solution to a customer problem.

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