Consider the Following to Answer the Question(s) Below

question 27

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.
-Statistics Canada wants to estimate the percentage of females in the Canadian labour force to within 5% with 90% confidence. How many employment records should be sampled?

• A) 121
• B) 269
• C) 451
• D) 382
• E) 1000

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Definitions:

Units

A measure of quantity used to express the amount of product made or available.

Unit Product Cost

The total cost incurred to produce, manufacture, or acquire a product, divided by the number of units produced, representing the cost per individual unit.

Estimated

An approximation or educated guess based on available information or data.

Direct Labor Cost

The total cost of wages, salaries, and benefits paid to employees who directly work on manufacturing a product.