Elwin Osbourne, CIO at GFS, Inc

question 36

Multiple Choice

Elwin Osbourne, CIO at GFS, Inc., is studying employee use of GFS e-mail for non-business communications.A random sample of 200 e-mail messages was selected.Thirty of the messages were not business related.The 98% confidence interval for the population proportion is _________.

• A)0.108 to 0.192
• B)0.153 to 0.247
• C)0.091 to 0.209
• D)0.145 to 0.255
• E)0.250 to 0.275

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Definitions:

Consumer Behavior

The study of how individuals make decisions to spend their resources on consumption-related items.

Marginal Utility

The boost in satisfaction from the consumption of an additional item of a good or service.

Total Utility

The overall satisfaction or pleasure a consumer derives from consuming a certain quantity of goods or services.

Marginal Utility

The extra fulfillment or advantage a person gains by consuming an additional unit of a product or service.