Question: What is the relationship between sample size and desired certainty? Justify your answer. A2) Suppose that you are a project manager responsible for developing Lulu

What is the relationship between sample size and desired certainty? Justify your answer.

A2) Suppose that you are a project manager responsible for developing Lulu Point of Sale (POS) information system and you would accept 80% certainty that a sample of receipts would contain no variation unless it was present in the population of total receipts. What is the suitable sample size given the following table? What is the relationship between sample size and desired certainty? Justify your ans answer. Hint: Write any formula that you will use first (5 Marks) Desired certainty Certainty factor 95% 1.960 90% 1.645 80% 1.281

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

A2) Suppose that you are a project manager responsible for developing Lulu Point of Sale (POS) information system and you would accept 90% certainty that a sample of receipts would contain no...

What makes a person an effective leader is quite complex. At the same time, a lot of leadership theory seems to have come a full circle with greater attention to understanding followers on a personal...

Set Student Name: 1. Answer true or false for each part, and if false, explain your answer. a. The point estimate for the population mean, , of an x distribution is x-bar, computed from a random...

Instuctor's Annotated Edition TENTH EDITION Understandable Statistics Concepts and Methods Charles Henry Brase Regis University Corrinne Pellillo Brase Arapahoe Community College Australia Brazil...

Chapter 10 Business Process and Information Systems Development \"Jeff, we clean the clubhouse restrooms twice a day . . . in the morning before 7 and again just before lunch. We've been doing that...

ASSESSMENT Qualification: BSB51915 Diploma of Leadership and Management Unit of Competency: BSBMGT517 Manage operational plan Student Name: Thi My Tham Nguyen Student ID: 1439205 Assessment Due Date:...

please read chapter and answer the following questions. All answers must be typed. thank you, will give thumbs up. 1. What kind of structure, controls, and culture would you be likely to find in (a)...

can i get a solution to this question please. Value: Document (include your file name) 15% of final grade How to complete: 1. Read the following Anniversary Party scheduling problem: As the project...

CHAPTER 9 Hypothesis Tests CONTENTS 9.4 POPULATION MEAN: UNKNOWN One-Tailed Test Two-Tailed Test Summary and Practical Advice 9.5 POPULATION PROPORTION Summary 9.6 HYPOTHESIS TESTING AND DECISION...

Set Student Name: 1. Describe the relationship between two variables that have a correlation coefficient value: a. Near -1 b. Near 0 c. Near 1 2. Data was collected where a weightlifter was asked to...

n What is the solution of the recursive equation T (n)= 3T +n2? 4 a) O(nlog n) b) O( 0.793 c) O(7) d) O(2 log n)

Melissa Corporation is domiciled in Germany and is listed on both the Frankfurt and New York Stock Exchanges. Melissa has chosen to prepare consolidated financial statements in accordance with U.S....

john wants to set up a 1 0 year grat and does not want to have a taxable gift

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...