Opinion-Polling Organizations Sometimes Contact Their Respondents by Sampling Random Telephone

question 9

Multiple Choice

Opinion-polling organizations sometimes contact their respondents by sampling random telephone numbers.Assume that interviewers can now reach about 71% of Canadian households,while the percentage of those contacted who agree to cooperate with the survey is 34%.Each household,of course,is independent of the others.What is the probability that the next household on the list will be contacted but will refuse to cooperate?

• A)0.206
• B)0.469
• C)0.241
• D)0.099
• E)0.191

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Definitions:

Market Demand

The overall amount of a product or service that every consumer in a market is ready and capable of buying at different price levels.

Competitive Market

A commercial system where numerous buyers and sellers exist, preventing any single party from setting the price.

Cost Structure

The composition of fixed and variable costs that a business or project incurs during its operations, highlighting how different expenses affect the total cost and profitability.

Total Cost

The total of all costs associated with producing goods or services, which encompasses both fixed and variable expenses.