Bernard is a board member at Lopez Electronics Inc. He is also a senior executive of the firm. The board is chaired by Ernest Jones, the CEO of Stanley Motors. According to this scenario, Bernard
A. is more likely than Ernest to take care of stockholder interests.
B. is an inside director of Lopez Electronics.
C. can use information from board meetings to trade stocks of Lopez Electronics.
D. cannot serve on the board of any other organization.
Answer: B
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Answer the following statement true (T) or false (F)
We are interested in selecting a sample from a population of size 4,000 in order to develop an approximate 95% confidence interval estimate of the population mean. A pilot study has resulted in a standard deviation of 600 . What should be the sample size if we do not want the sampling error to exceed 200?
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A. 5%
B. 3%
C. 9%
D. 10%
E. None of the options are correct.