The Minimum Sample Size N Required to Estimate a Population

question 14

Multiple Choice

The minimum sample size n required to estimate a population mean with 95% confidence and the desired margin of error 1.5 was found to be 198.Which of the following is the approximate value of the assumed estimate of the population standard deviation?

• A) 10.7688
• B) 12.8309
• C) 115.9671
• D) 164.6326

Learn how common-sized financial statements are prepared and analyzed.

Recognize the implications of changes in financial ratios over time.

Understand the relationship between financial analysis and business decision-making processes.

Develop skills in interpreting the effects of financial decisions on ratios and overall company performance.

---

Definitions:

Accounts Payable

Money owed by a company to its suppliers or creditors for goods or services received but not yet paid for.

Equipment

Tangible personal property that is used in operations, such as machinery, computers, and furniture, which is not intended for sale.

Closing Entries

At the conclusion of an accounting period, closing entries refer to the journal entries that are recorded to move the balances from temporary accounts to permanent accounts, which helps in getting the accounts ready for the upcoming period.

Classified Balance Sheet

A balance sheet that organizes assets and liabilities into subcategories such as current and long-term.