Consider the Following to Answer the Question(s) Below

question 19

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.
-Suppose that Statistics Canada wants to be 90% confident of estimating the percentage of females in the labour force to within ±2% of the true percentage. To do this they would have to

• A) decrease the sample size
• B) select the same number of employment records
• C) increase the sample size
• D) decrease the precision
• E) increase the sampling error

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Definitions:

Marginal Abatement Cost

Represents the cost associated with eliminating an additional unit of a negative output, such as pollution.

Emissions Permit

A legal right granted by a government to emit a certain amount of pollutants into the atmosphere; often used in cap and trade programs.

Refundable Deposit

An amount of money given as security for an item that is intended to be returned, with the promise of repayment.

Marginal Private Cost

The change in a firm's total costs that comes from making one additional unit, considering only private costs without externalities.