Short Answer
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, what is the needed sample size to obtain a 95% confidence interval in estimating the percentage of the targeted young adults who will purchase the new game to within ±5% if you do no t have the information on the 49% in the interviews who said that they would purchase the new game?
Correct Answer:

Verified
Correct Answer:
Verified
Q35: True or False: A race car driver
Q41: SCENARIO 8-7<br>A hotel chain wants to estimate
Q47: SCENARIO 8-1<br>The managers of a company are
Q53: Private colleges and universities rely on money
Q54: As an aid to the establishment of
Q59: A major department store chain is interested
Q95: An economist is interested in studying the
Q99: SCENARIO 8-10<br>A sales and marketing management magazine
Q104: When determining the sample size necessary for
Q112: True or False: The sample mean is