A Recent Survey of 174,745 Randomly Selected U

question 17

Multiple Choice

A recent survey of 174,745 randomly selected U.S. adults studied the importance of religion to Americans in each state.
The survey found that nationwide 40 percent said that they were very religious. But in New Hampshire, the least religious state, only 20 percent answered that they were "very religious." The sample included 1000 respondents from New Hampshire. The margin of error in a 95 percent confidence interval for the proportion of all adults who are very religious is:

• A) larger for New Hampshire than for the nation.
• B) the same for New Hampshire and for the nation.
• C) smaller for New Hampshire than for the nation.
• D) random, so one can't make a comparison.

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Definitions:

Customer-Led Pricing

A pricing strategy that relies on understanding and responding to the preferences and willingness to pay of the targeted customers.

Operating Expenses

The costs required for a business to maintain its daily operations, such as rent, salaries, and utilities.

Running The Business

The ongoing process of managing the operations, finance, and strategy of a company to sustain and grow its activities.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.