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

question 98

Short Answer

SCENARIO 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 Scenario 8-11,what is the needed sample size to obtain a 99% confidence interval in estimating the percentage of the targeted young adults who will purchase the new game to within
±5% if you do not have the information on the 49% in the interviews who said that they would purchase the new game?

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Definitions:

Budget Constraints

The limitations on the purchase of goods and services imposed by a budget, reflecting the trade-off between different goods given limited resources.

National Regulators

Authorities or governmental agencies responsible for overseeing and regulating specific industries or sectors within a country to ensure compliance with laws and regulations.

Best Possible Medical Care

High-quality health services that prioritize patient safety, effectiveness, and satisfaction, often incorporating the latest advancements in medical research and technology.

Increased Emphasis

A greater focus or importance placed on a particular subject, area, or policy, signaling a shift in priorities or concerns.