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A Cable TV Company Wants to Estimate the Percentage of Cable

question 49

Multiple Choice

A cable TV company wants to estimate the percentage of cable boxes in use during an evening hour. An approximation is 20 percent. They want the estimate to be at the 90 percent confidence level and within 2 percent of the actual proportion. What sample size is needed?


Definitions:

Guarantor

A person or entity that agrees to be responsible for another's debt or performance under a contract if the original party fails to meet their obligations.

Debtor

An individual or organization that owes money to another party, often referred to in contexts involving loans or credit.

Bankruptcy Statutes

Laws governing the process by which individuals or entities can declare their inability to pay their debts and seek relief from some or all of them.

Debtors

Individuals or entities that owe money or are indebted to another party.

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