The City Administration Wants to Find Out How Many College

question 14

Multiple Choice

The city administration wants to find out how many college students visit the city library regularly. The survey has been conducted among the students of this city. There were 356 students who responded to the survey question, and 102 of them responded that they visited the city library regular. Estimate the proportion of the college students in the city who visit the library regularly and calculate the margin of error with the confidence level of 95%.

• A)The proportion of college students in the city who visit the library regularly is 0.28, the margin of error is 0.047.
• B)The proportion of college students in the city who visit the library regularly is 0.29, the margin of error is 0.039.
• C)The proportion of college students in the city who visit the library regularly is 0.28, the margin of error is 0.039.
• D)The proportion of college students in the city who visit the library regularly is 0.29, the margin of error is 0.047.
• E)The proportion of college students in the city who visit the library regularly is 0.29, the margin of error is 0.024.

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Definitions:

Competitive Pressures

The influence exerted by competing organizations in a market, compelling businesses to continually improve and innovate.

Survive

To continue to live or exist, especially in spite of danger or hardship.

Porter's Generic Strategies

A framework devised by Michael Porter that outlines three strategic options for businesses to gain competitive advantage: Cost Leadership, Differentiation, and Focus.

Market Scope

Describes the extent and range of products and services a business offers, as well as the geographic and demographic characteristics of the market it aims to serve.