If Findings from a Random Sample of 1,500 People Have

question 64

Multiple Choice

If findings from a random sample of 1,500 people have a 95 percent chance of accurately reflecting the views of the whole population within 3 percentage points, what percentage of the overall population would favor changing voting day from Tuesday to Sunday if the poll found that 57 percent of those polled favored the change?

• A) 54 percent
• B) 57 percent
• C) 60 percent
• D) 54 to 60 percent
• E) 57 to 60 percent

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Definitions:

Adverse Selection

A situation in which asymmetric information leads one party in a transaction to make unfavorable selections, often seen in insurance markets where individuals with higher risks are more likely to purchase insurance.

Insurance Product

A financial product sold by insurance companies to provide coverage against specific risks in exchange for premium payments.

Supply Curve

A visual chart depicting how the price of a product or service correlates with the amount available for supply over a specific time frame.

Antipollution Policies

Regulations and strategies implemented by governments or organizations to reduce or prevent pollution and protect the environment.