What are the various components required for determining the sample size for the mean? Explain in detail
Question:
What are the various components required for determining the sample size for the mean? Explain in detail the meaning and relevance of the concept of acceptable sampling error. How is sampling error determined?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Determining the sample size for estimating the mean requires consideration of several components These components include the desired level of confidence the acceptable margin of error the standard de...View the full answer
Answered By
Junaid ahmed
I am an English language professor with years of experience In Teaching English Language and Literature. I like to help people in the various difficult matter.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Public Finance An International Perspective
ISBN: 9789814365048
1st Edition
Authors: Joshua E. Greene
Question Posted:
Students also viewed these Business questions
-
What are the various components required for determining the sample size for the proportion? Explain in detail the meaning of population parameter. How is population parameter determined?
-
Dissertation Topic: "The Effects of Cybersecurity Measures on the Productivity and Well-being of Teleworkers in the Healthcare Industry". Introduction Draft no more than TWO paragraphs here -...
-
Portray in words what transforms you would have to make to your execution to some degree (a) to accomplish this and remark on the benefits and detriments of this thought.You are approached to compose...
-
Louise Kalbe drew a check in the amount of $7,260 payable to the order of cash on her account at the Pulaski State Bank. The check was lost or stolen, but Kalbe did not report this to the bank, nor...
-
Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, 2018: Purchase price......................................$ 70,000 Delivery...
-
Discuss methods that associates, managers, and organizations can use to manage stress and promote well-being.
-
What annual return on investment (ROI) can I expect to receive, whats the payback period, what is the net present value (NPV) of the deal, what is my projected internal rate of return (IRR), and how...
-
Warner Co. entered into the following transactions involving short-term liabilities in 2016 and 2017. 2016 Apr. 22 Purchased $5,000 of merchandise on credit from Fox-Pro, terms n30. Warner uses the...
-
List the tax exemption decrees that cover taxpayers who complete these Schedules K and M, Puerto Rico.
-
Population parameter is an important component for the determination of the sample size for the proportion. Can you also determine the sample size when population parameter is unknown? How?
-
Determination of the appropriate confidence intervals requires a sufficient sample size. Why is it important to determine the sample size? In real life, is the sample size determined before or after...
-
For many years New York Studios has produced television shows and operated several FM radio stations. Throughout the current year, the company had 3 million shares of common stock and a large number...
-
Companies that invest heavily in eco-friendly initiatives, such as transitioning to renewable energy sources or implementing carbon offset programs, may initially face increased operational costs....
-
Answer each question individually please. 14-13 What are the advantages and drawbacks of universities using social media to communicate with various stakeholdersstudents, potential students, alumni,...
-
act as a consultant hired by the operations director of the Barry Computer Company provide a financial analysis and comparison to the industry. You will conduct a financial ratio analysis to gain a...
-
Building a sense of community is not just a moral thing to do, but also a pragmatic one. In today's competitive and ever-evolving business environment, the organizations that can attract the most...
-
Watch https://youtu.be/U3MtvvNjUR4 What do you think of Dr. Saint's ideas about barriers to change? What do you think about social learning? Could this tool be used to make real change? How can the...
-
Integrate the appropriate chi-square density to find the probability that the variance of a random sample of size 5 from a normal population with 2 = 25 will fall between 20 and 30.
-
Which one of the following anhydrous chloride is not obtained on direct heating of its hydrated chloride? (A) BaCl2 (B) CaClz (C) MgCl2 (D) SrCl2
-
In the previous exercise assume that the process is centered so that the mean is 90 millimeters and the standard deviation is 0.1 millimeter. Suppose that 10 cases are measured, and they are assumed...
-
The sick-leave time of employees in a firm in a month is normally distributed with a mean of 100 hours and a standard deviation of 20 hours. (a) What is the probability that the sick-leave time for...
-
The life of a semiconductor laser at a constant power is normally distributed with a mean of 7000 hours and a standard deviation of 600 hours. (a) What is the probability that a laser fails before...
-
A contractor constructed a house for resale, which was sold immediately. For tax purposes, this is an example of A) capital income. B) business income. C) other income. D) property income.
-
You invest $100 in a risky asset with an expected rate of return of 0.12 and a standard deviation of 0.15 and a T-bill with a rate of return of 0.05. What percentages of your money must be invested...
-
Nanometrics, Inc., has a beta of 3.43. If the market return is expected to be 13.50 percent and the risk-free rate is 7.00 percent, what is Nanometrics required return? (Round your answer to 2...
Study smarter with the SolutionInn App