A researcher wants to find out the average age of population in two cities, A and B. He plans to conduct two separate surveys in these two cities. He now has to determine the sample sizes to use in these cities. He will need a larger sample size for City A as compared to that for City B because
a. there is lesser variation in age for population in City A.
b. city B's population is significantly higher than that of City A.
c. the level of confidence desired for City B's results is higher.
d. the degree of precision desired for City A is higher.
e. the degree of precision desired for City B is higher.
Answer: d. the degree of precision desired for City A is higher.
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Indicate whether the statement is true or false.
Which of the following is situation commonly drives a business valuation engagement?
A) hypothecation of assets B) shareholder dispute C) hedging a company's derivatives D) determination of dividend payout