A Poll Checking on the Level of Public Support for a Tax

question 12

Essay

A poll checking on the level of public support for a tax increase reported that 19% of the respondents were in favour.The pollsters reported a sampling error of ±5%.When the responses were broken down by gender,support was 3% higher among women than men.The pollsters said the margin of error for this difference was ±6%.Why is the margin of error larger for the difference in support between the genders than for the overall level of support?

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Definitions:

Create Money

The process by which central banks or monetary authorities increase the money supply.

Deposit Account

A deposit account is a bank account that allows the holder to deposit and withdraw money, often earning interest, including savings accounts, checking accounts, and other transaction accounts.

Liabilities

Financial obligations or debts that a company or individual owes to others, which must be paid back in the future.

Government Securities

Financial instruments issued by the government to borrow money from the public.