The Results of a Recent Poll on the Preference of Shoppers

question 61

Multiple Choice

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

• A) .064.
• B) .044.
• C) .0225.
• D) .025.

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Definitions:

Income Increase

A rise in the amount of money received, especially on a regular basis, through work or investments.

Substitute

A product or service that can be used in place of another to satisfy the same want or need.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at that price.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at each price.