A Marketing Research Company Is Estimating Which of Two Soft $n = 141$

question 93

Multiple Choice

A marketing research company is estimating which of two soft drinks college students prefer. A random sample of 141 college students produced the following confidence interval for the proportion of college students who prefer drink A: (.344, .494) . Is this a large enough sample for this analysis to work?

• A) Yes, since \(n = 141\) (which is 30 or more).
• B) No.
• C) Yes, since both \(\hat { p } \geq 15\) and \(\hat { n q } \geq 15\).
• D) It is impossible to say with the given information.

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Definitions:

Right To Vote

The entitlement to participate in making a decision by casting a vote, commonly seen in democratic processes and corporate settings.

Dividends In Arrears

Unpaid dividends on cumulative preferred stock that must be paid out before dividends can be issued to common shareholders.

Dividends In Arrears

Dividends on preferred stock that have not been paid in the period they are due but are still owed to shareholders.

Cumulative

Refers to the total amount accumulated over a period of time.