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,the standard error is 3%.

Question

Quizplus · Accepted Answer

The margin of error in a poll is determined by the standard error and the confidence level used in the poll, not directly equal to the standard error itself. The standard error is a component in calculating the margin of error but they are not the same value.

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