What Is the Minimum Sample Size Required to Estimate a Population

question 77

Multiple Choice

What is the minimum sample size required to estimate a population mean with 95% confidence when the desired margin of error is D = 1.5? The population standard deviation is known to be 10.75.

• A)n = 138
• B)n = 139
• C)n = 197
• D)n = 198

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Definitions:

Management Rights

The prerogative of an employer to make decisions about operational and managerial aspects of the business.

Personal Profits

Income or gains received by an individual from various sources, including employment, investments, or personal business ventures.

Capital Contribution

Funds or assets provided by partners or shareholders to increase the capital of a company or partnership.

Share Losses

The financial reductions in value or earnings experienced by shareholders as a result of a decrease in the price or profitability of the shares.