Find the Margin of Error for the Survey Results Described

question 80

Multiple Choice

Find the margin of error for the survey results described.
-During the questioning of 82 potential jury members, 33% said that they had already formed an opinion as to the guilt of the defendant.
Give your answer as a percentage to one decimal place.

• A)1.2%
• B)22.1%
• C)5.5%
• D)11.0%

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Definitions:

Monopoly Profits

Extraordinary profits earned by a monopoly due to its unique position of having no competition, allowing for higher prices and lower production.

Miracle Drug

A term for a medication that has an unexpectedly profound and beneficial effect on patients.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Market Rate

The going rate or typical price of goods, services, or interest rates in the open market.