Using the Conventional Polling Definition, Find the Margin of Error

question 88

Multiple Choice

Using the conventional polling definition, find the margin of error for a customer satisfaction survey of 225 customers who have recently dined at Applebee's.

• A)± 5.0 percent
• B)± 4.2 percent
• C)± 7.1 percent
• D)± 6.5 percent

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Definitions:

Credit Availability

The ease with which individuals and businesses can obtain loans and other forms of credit from financial institutions.

Liquid Assets

Assets that can be quickly converted into cash with little impact on their value.

Consumption Rate

The proportion of income or resources that is spent on consumption rather than saving.

Savings Rate

The proportion of disposable income that is saved rather than spent on consumption, typically expressed as a percentage.