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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?
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.
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