An Amusement Park Owner Is Considering a Survey to Determine

question 82

Multiple Choice

An amusement park owner is considering a survey to determine customer preferences for a new water ride. The owner and the researcher discuss the concept of the level of accuracy. The owner accepts a level of accuracy of + or - 5 percent. Assuming that the survey finds that 70 percent of the survey respondents indicate they want the ride, what does having a level of accuracy of + or - 5 percent accuracy actually mean?

• A) that there will be a 5 percent chance that the owner will make the wrong decision as to whether not to build the new water ride
• B) that the real percentage of the park's customers who prefer the new water ride falls between 0 and 5 percent
• C) that there is a 95 percent chance that the owner will make the right decision as to whether or not to build the new water ride
• D) that the real percentage of the park's customers who prefer the new water ride falls between 65 and 75 percent
• E) that there is a 5 percent chance, + or -, that the owner will make the right decision

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Definitions:

Negligently Left

implies a scenario where an item or individual is unintentionally left behind due to a lack of proper care or attention.

Banana Peel

Often used metaphorically to describe a potential hazard or slip-up that seems trivial but can lead to significant consequences.

Injured

The state of having received harm or damage, physically or legally, which may serve as a basis for seeking compensation or redress in a court of law.

Sued

The act of bringing a legal action against an individual or entity, seeking a legal remedy for damages or enforcement of rights.