Exhibit 11-7
the Results of a Recent Poll on the Preference

question 33

Multiple Choice

Exhibit 11-7
The results of a recent poll on the preference of shoppers regarding two products are shown below.
$$\begin{array}{l}&&\text { Shoppers Favoring }\\\text { Product } & \text { Shoppers Surveyed } & \text { This Product } \\\text { A } & 800 & 560 \\\text { B } & 900 & 612\end{array}$$
-Refer to Exhibit 11-7. The point estimate for the difference between the two population proportions in favor of this product is

• A) 52
• B) 100
• C) 0.44
• D) 0.02

---

Definitions:

Inductive Reasoning

A method of reasoning that involves moving from specific observations to broader generalizations and theories.

Equity

Equity refers to the ownership interest in a company or property, representing the amount of money that would be returned to shareholders if all the assets were liquidated and all the company's debts were paid off.

Tax System

The legal framework governing how taxes are collected and managed by a government, including tax rates and types.

Fallacy Of Logic

An error in reasoning or a flawed argument that undermines the logic of an argument.