Determining necessary sample size

Assignment Help Accounting Basics
Reference no: EM13155194

Jolly Blue Giant Health Insurance (JBGHI) is concerned about rising lab test costs and would like to know what proportion of the positive lab tests for prostate cancer are actually proven correct through subsequent biopsy. JBGHI demands a sample large enough to ensure an error of ± 2% with 90% confidence. What is the necessary sample size?

Reference no: EM13155194

Questions Cloud

What can be about a human whose cells contain barr bodies : What can be said about a human whose cells contain Barr Bodies.
Detemining total depreciation deductions : The mid-quarter convention does not apply. Tiger elects to depreciate the maximum under Sec. 179. Tiger's taxable income for the year before the Sec. 179 deduction is $150,000. What is Tiger's total depreciation deductions related to this proper..
Cyclohexane solvent vaporized during the temperature : Some of the cyclohexane solvent vaporized during the temperature versus time measurement. Will this loss of cyclohexane result in its freezing point being recorded as too high
Dpreciation on a straight-line basis : Hercules Exercising Equipment Co. purchased a computerised measuring device two years ago for $60,000. The equipment has been depreciated on a straight-line basis over a six year useful life and can currently be sold for $23,800.
Determining necessary sample size : Jolly Blue Giant Health Insurance (JBGHI) is concerned about rising lab test costs and would like to know what proportion of the positive lab tests for prostate cancer are actually proven correct through subsequent biopsy. JBGHI demands a sample l..
Which is not synthesized on a free cytosolic ribosome : Which of the following is not synthesized on a "free" cytosolic ribosome?
Contribution margin per unit of limited resource : Ace Company sells office chairs with a selling price of $25 and a contribution margin per unit of $15. It takes 3 machine hours to produce one chair. How much is the contribution margin per unit of limited resource?
How many guitars will be sold after the tax is imposed : What proportion of the tax will be paid by the suppliers of Martin guitars? How many guitars will be sold after the tax is imposed?
Computing minimum amount of revenue : What is the minimum amount of revenue that each of these segments must generate to be considered separately reportable?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the controller role in strategy implementation

What is the controller's role in strategy implementation? Be sure to provide specific examples in your answer.

  Determine the coupon rate

Page Enterprises has bonds on the market making annual payments, with eight years to maturity, and selling for $988. At this price, the bonds yield 7.90 percent.

  Problem related to amount deposition

Sondra deposits $2,000 in an IRA account on April 15, 2011. Assume the account will earn 3% annually. If she repeats this for the next nine years, how much will she have on deposit on April 14, 2021?

  How many partners can a partnership have

why are the assets contributed by each partner recorded at their fair market values?

  Asset and liability in the financial records

Johntech accounted for the lease as a capital lease and recorded an asset and a liability in the financial records. The asset recorded under this lease should properly be amortized over:

  Renting prime store space

Lisa's Boutique is renting prime store space at the Regional mall and just signed a five-year lease effective January 1, with the following terms:

  Statement regarding primary authority of tax law

Which of the following is a true statement regarding primary authority of tax law?

  Entry to record the transaction concept

A corporation sold 14,000 shares of its $10 par value common stock at a cash price of $13 per share. The entry to record this transaction would include:

  Depreciation expense for the second year

Starr Company purchased a depreciable asset for $150,000. The estimated salvage value is $10,000, and the estimated useful life is 8 years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the..

  Approximate internal rate of return

A company has a minimum required rate of return of 8% and is considereing investing in a project that costs $68,337 and is expected to generate cash inflows of $27,000 each year for three years. The approximate internal rate of return on this proj..

  Remainder of the loan

"A long term debt of 2,151,000 represents the remaining balance on a 30 year old loan taken out 20 years ago at 11 % which options to refinance every ten years. If we refinance for the remaining 10 years at 7% how much interest expense will we sav..

  What is the actual value of moneys contract

Eddy Money signed a three-year contract to host the Tonight Show. Although he will receive $130 million dollars over three years, the terms of the contract are that he is to receive $10 million at the end of each of the next three years plus an ad..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd