In Estimating the Sample Size Necessary to Estimate P, If

question 12

Multiple Choice

In estimating the sample size necessary to estimate p, if there is no good approximation for the value of p available, the value of ____ should be used as an estimate of p in the formula.

• A)0.10
• B)0.50
• C)0.40
• D)1.96
• E)2.00

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Definitions:

Loanable Funds

The funds available in the financial markets for borrowing, which come from people's savings and the money printed by the government.

Government Expenditures

The total amount spent by the government in a given period, including spending on goods and services, social benefits, and public works.

Taxes On Interest Income

Taxes applied to income gained through interest from savings or investments.

Interest Rate

The amount charged by lenders to borrowers for the use of assets, expressed as a percentage of the principal, typically on an annual basis.