Instruction 8-18 a Poll Was Conducted by the Marketing Department of a of a Video

question 14

Short Answer

Instruction 8-18
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 8-18,what is the needed sample size to obtain a 90% confidence interval estimate of the percentage of the targeted young adults who will purchase the new game by allowing the same level of margin of error?

---

Definitions:

Rate Variance

The difference between the actual rate paid for something and the standard or expected rate, often used in budgeting and cost management.

Time Variance

The variance between the real duration it takes to finish a task and the initially projected time for its completion.

Total Cost Variance

The difference between the actual costs incurred and the standard (or expected) costs for a given production or project period.

Purchase Price Variances

The difference between the actual cost of goods purchased and the standard cost, used to measure the efficiency of the purchasing function.