Answer:
The margin of error of the poll is 8%.
Step-by-step explanation:
This is a confidence interval. A confidence interval has both a lower end and an upper end.
The true proportion is the midpoint between the two ends.
The margin of error is the absolute difference between the proportion and the ends(which is the same, upper end - proportion = proportion - lower end),
In this problem, we have that:
The lower end is 52%.
The upper end is 68%.
The proportion is (52 + 68)/2 = 60%.
The margin of error is 60 - 52 = 68 - 60 = 8%.
It is evident from the problem statement that an overall price reduction of Nike air max shoes will lead to an increase in the demand for the shoe.
In Economics, the relationship between price and demand is stated as follows <em>"If all other factors remain equal, the higher the price of a good, the </em><em>fewer</em><em> people will </em><em>demand</em><em> that </em><em>good</em><em>. In other words, the </em><em>higher</em><em> the price, the </em><em>lower</em><em> the </em><em>quantity</em><em> demanded and vice versa."</em>
<em />
In all, the Law of Demand tells us that if more people want to buy something, given a limited supply, the price of that thing will be bid higher, also of the price of something is low the demand will be high.
learn more:
brainly.com/question/25585026
<em />
<em />
<em />
Answer:
-72
i hope it helps
Step-by-step explanation:
Answer:
60%
Step-by-step explanation:
Just divide 15 by 25 and then move the decimal point 2 places to the right. Then turn that number into a percentage.
Answer:
What's the question you need help on?
