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

question 44

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 95% confidence interval in estimating the percentage of the targeted young adults who will purchase the new game to within ±5% if you do not have the information on the 49% in the interviews who said that they would purchase the new game?

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Definitions:

Fixed Costs

Costs that do not vary with the level of output in the short term, such as rent, salaries, and equipment leases.

Sporting Goods

Products and equipment designed for participation in physical fitness and sports activities.

Monthly Electricity

The amount of electric energy consumed or billed over a one-month period.

Rent

The price paid for the use of property or land, typically on a periodic basis by tenants to landlords.