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

question 2

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 95% confidence interval estimate for the difference between the populations favoring the products is

• A) -0.024 to 0.064
• B) 0.6 to 0.7
• C) 0.024 to 0.7
• D) 0.02 to 0.3

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Definitions:

Competition

The activity or condition of competing against others for the same objective or for superiority in a field.

Clayton Act

A piece of U.S. legislation aimed at increasing economic competition and preventing monopolies by prohibiting certain types of anti-competitive practices.

Lessen Competition

Strategies or situations that reduce the intensity of rivalry among existing competitors in a market.

Monopolization

The possession of monopoly power in the relevant market and the willful acquisition or maintenance of that power, as distinguished from growth or development as a consequence of a superior product, business acumen, or historic accident.