Opinion-Polling Organizations Sometimes Contact Their Respondents by Sampling Random Telephone

question 10

Multiple Choice

Opinion-polling organizations sometimes contact their respondents by sampling random telephone numbers.Assume that interviewers can now reach about 78% of Canadian households,while the percentage of those contacted who agree to cooperate with the survey is 36%.Each household,of course,is independent of the others.What is the probability of obtaining an interview with the next household on the sample list?

• A)0.281
• B)0.079
• C)0.780
• D)0.499
• E)0.141

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Definitions:

Consumer-friendly

Describes goods, services, or policies that are designed with the welfare or satisfaction of consumers in mind.

Real Estate Market

The market segment encompassing the buying, selling, and leasing of property including land and buildings.

Supply Shifted

A change in the quantity of a good or service that suppliers are willing and able to sell at all possible prices, typically due to factors like changes in technology or costs.

Inverse Demand Curve

A graph that shows the relationship between the price of a good and the quantity demanded, plotted with price on the vertical axis and quantity on the horizontal axis.