For a More Accurate Determination, Top Management Wants to Estimate

question 13

Multiple Choice

For a more accurate determination, top management wants to estimate the average number of hours volunteered per month by their professional staff to within one hour with 99% confidence. How many randomly selected professional employees would they need to sample?

• A) 56
• B) 120
• C) 33
• D) 25
• E) 90

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Definitions:

New Netherland

A 17th-century colonial province of the Dutch Republic that included parts of what are now the northeastern United States.

Hudson River

A river in New York, United States, known for its historical significance and beauty, running from the Adirondack Mountains to New York City.

Gulf Coast

Refers to the coastline along the Gulf of Mexico, embraced by states like Florida, Alabama, Mississippi, Louisiana, and Texas, known for its unique cultural heritage and natural beauty.

International Commerce

The exchange of goods, services, and capital across international borders or territories, which is influenced by governmental trade policies, international agreements, and global market dynamics.