Consider the Following to Answer the Question(s) Below

question 12

Multiple Choice

Consider the following to answer the question(s) below:
EU (European Union) countries report that 46% of their labour force is female. The United Nations wants to determine if the percentage of females in the Canadian labour force is the same. Representatives from Statistics Canada plan to check a random sample of over 10,000 employment records on file to estimate the percentage of females in the Canadian labour force.
-If Statistics Canada wishes to tighten its interval, they should

• A) increase the confidence level
• B) increase the sample size
• C) decrease the sample size
• D) both A and B
• E) both A and C

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Definitions:

Geofencing

A location-based technology that creates a virtual boundary around a geographical area, triggering an action when a device enters or leaves that area.

Strip Mall

A type of shopping mall or plaza that is typically open-air and has a row of retail stores, services, or restaurants, usually accessible from a large parking area.

Coupons

Promotional tools used to offer discounts or rebates on products or services, aimed at increasing sales and customer loyalty.

Marketing Concept

A business philosophy suggesting that company success is achieved by identifying and satisfying the needs and wants of customers.