After Calculating the Sample Size Needed to Estimate a Population

question 88

Multiple Choice

After calculating the sample size needed to estimate a population proportion to within 0.04,your statistics professor told you the maximum allowable error must be reduced to just .01.If the original calculation led to a sample size of 800,the sample size will now have to be:

• A)800
• B)3,200
• C)6,400
• D)12,800

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Definitions:

Individual Identity

The distinctive characteristics or personality that makes a person unique from others.

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The process of combining multiple financial statements from different entities into one aggregate financial statement.

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A calculation that compares the value of all cash inflows and outflows of a project or investment using a discount rate, to determine its profitability.

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The process of obtaining control of another corporation, purchasing a significant amount of its stock, or buying its assets.