TABLE 8-11 a Poll Was Conducted by the Marketing Department of a of a Video

question 152

Short Answer

TABLE 8-11
A poll was conducted by the marketing department of a video game company to determine the popularity of a new game that was targeted to be launched in three months.Telephone interviews with 1,500 young adults were conducted which revealed that 49% said they would purchase the new game.The margin of error was ±3 percentage points.
-Referring to Table 8-11,what is the needed sample size to obtain a 95% confidence interval estimate of the percentage of the targeted young adults who will purchase the new game by allowing the same level of margin of error?

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Definitions:

Variances

Measures of the dispersion, indicating how spread out the data points are around the mean.

Accounting

The systematic process of recording, summarizing, analyzing, and reporting financial transactions of a business.

Management

The process of planning, organizing, leading, and controlling resources to achieve specific goals and objectives efficiently and effectively.

Standard Deviation

A metric showing the extent of scatter among values in a dataset.