SCENARIO 8-11
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 Scenario 8-11,you are 99% confidence that the percentage of the targeted young adults who will purchase the new game is somewhere between 46% and 52%.

Question

Quizplus · Accepted Answer

The margin of error provided (±3 percentage points) typically corresponds to a 95% confidence level, not 99%. A 99% confidence interval would generally have a larger margin of error.

SCENARIO 8-11 a Poll Was Conducted by the Marketing Department of a of a Video