Exhibit 11-7
the Results of a Recent Poll on the Preference

question 31

Multiple Choice

Exhibit 11-7
The results of a recent poll on the preference of shoppers regarding two products are shown below.
$$\begin{array}{l}&&\text { Shoppers Favoring }\\\text { Product } & \text { Shoppers Surveyed } & \text { This Product } \\\text { A } & 800 & 560 \\\text { B } & 900 & 612\end{array}$$
-Refer to Exhibit 11-7. At 95% confidence, the margin of error is

• A) 0.064
• B) 0.044
• C) 0.0225
• D) 52

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Definitions:

Affluent Families

Families that have a significant amount of wealth, resources, and a higher socioeconomic status.

Depression

A common and serious mood disorder that affects how you feel, think, and handle daily activities, characterized by persistent sadness and a lack of interest.

Anxiety

An emotion characterized by apprehension or anxiety over an outcome that is not yet determined.

Industrialization

Industrialization is the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, often accompanied by technological innovation.