Instruction 8-12 a Poll Was Conducted by the Marketing Department of a of a Video

question 26

Short Answer

Instruction 8-12
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 8-12,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?

Comprehend the use of the Boston Consulting Group's business portfolio analysis for strategic planning.

Recognize the role and formation of cross-functional teams in organizations.

Differentiate between competencies and competitive advantage.

Understand the practical application of marketing strategies and tactics, including in real-world business scenarios.

---

Definitions:

Line

A straight one-dimensional figure having no thickness and extending infinitely in both directions, defined by two points in Euclidean geometry.

Point

A specific location in space defined by coordinates on a graph or plane, often represented as an ordered pair (x, y).

General Form

A standard way of writing something, in mathematics, typically referring to the standard form of an equation.

Points

Refers to specific positions or locations in a geometric space, each defined by coordinates.