A Marketing Survey Involves Product Recognition in Ontario and British

question 35

Multiple Choice

A marketing survey involves product recognition in Ontario and British Columbia.Of 558 Ontario residents surveyed,193 knew the product while 196 out of 614 British Columbia residents knew the product.Construct a 99% confidence interval for the difference in the proportions of Ontario and British Columbia residents who knew the product.

• A)(-0.0443,0.0566)
• B)(-0.0443,0.0976)
• C)(0.0247,0.0286)
• D)(-0.0442,0.0975)
• E)(-0.0034,0.0566)

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Definitions:

Credit Card

A type of credit card account that has a revolving charge where the entire bill does not have to be paid in full each month.

Deferred Payment Plan

A payment arrangement that allows payment to be postponed for a certain period, often used in loans and purchase agreements.

Finance Charge

The total cost of borrowing, including interest and any other fees, applied to credit or loan accounts.

Home Improvement Loan

A type of loan specifically designed to finance repairs, renovations, or improvements to a home.