A Researcher in Campaign Finance Law Wants to Estimate the Proportion

question 90

Multiple Choice

A researcher in campaign finance law wants to estimate the proportion of elementary, middle, and high school teachers who contributed to a candidate during a recent election cycle. Given that no prior estimate of the population proportion is available, what is the minimum sample size such that the margin of error is no more than 0.03 for a 95% confidence interval?

• A) 751.67
• B) 752
• C) 1067.11
• D) 1068

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Definitions:

Cost-Benefit Analysis

Cost-benefit analysis is a financial decision-making process in which the costs of taking an action are compared to the benefits that action will provide.

Expected Benefits

Anticipated advantages or improvements resulting from a particular action, investment, or decision.

Implementing Alternative

The process of executing or applying a different option or strategy, typically to solve a problem or improve a situation.

Classical Decision Model

A theoretical framework suggesting that decision-makers have complete information, allowing for optimal choices based on rational analysis.