A Survey of Shoppers Is Planned to See What Percentage

question 3

Multiple Choice

A survey of shoppers is planned to see what percentage use credit cards.Prior surveys Suggest 54% of shoppers use credit cards.How many randomly selected shoppers must we Survey in order to estimate the proportion of shoppers who use credit cards to within 1% with 95% confidence?

• A)16,471
• B)8589
• C)20,745
• D)6718.3
• E)9543

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Definitions:

Eyes Open

A state of being awake and alert, where the eyelids are lifted, allowing light to enter the eye and vision to occur.

Amplitude

In physics and other sciences, the maximum extent of a vibration or oscillation, measured from the position of equilibrium.

Strategic Fit

The degree to which an organization’s strategies align with its external environment and internal resources and capabilities, to achieve competitive advantage.

Implied Demand Uncertainty

The uncertainty faced by a company due to unpredictability in the demand for its products or services, affecting inventory and supply chain decisions.