In the confidence interval formula for sample size,the symbol e represents:
A)efficiency of the sample (desired accuracy given the cost)
B)sample frame error
C)acceptable error (desired accuracy level)
D)elasticity
E)none of the above; the formula has no e

Question

Quizplus · Accepted Answer

In the confidence interval formula for sample size, the symbol e represents the acceptable error or desired accuracy level. The formula is: n = (z^2 * p * q) / e^2, where n is the sample size, z is the value from the normal distribution, p is the proportion of interest, q is 1-p, and e is the acceptable error or desired accuracy level.

In the Confidence Interval Formula for Sample Size,the Symbol E