Instruction 8-8 a Poll Was Conducted by the Marketing Department of a of a Video

question 156

True/False

Instruction 8-8
A poll was conducted by the marketing department of a video game company to determine the popularity of a new game that was targeted to be launched in three months. Telephone interviews with 1,500 young adults were conducted which revealed that 49% said they would purchase the new game. The margin of error was ±3 percentage points.
-Referring to Instruction 8-8,you are 99% confident that the percentage of the targeted young adults who will purchase the new game is somewhere between 46% and 52%.

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Definitions:

μ

The symbol commonly used to represent the mean or average of a population in statistics.

Simple Random Sample

A segment of a statistical population in which every individual posseses the same likelihood of being selected.

Normal Population

A statistical population that follows a normal distribution, where the data tends to cluster around a mean value.

Population Mean

The average value of a set of characteristics within a specified entire population.