Question

A new streaming service sent out a survey to 250 households to see who would be interested in its service. The company found that it could charge $45 per month, with a margin of error of ±1.5. If 1,000 people signed up for the service, what is the least amount of monthly revenue the company should expect?

$43,500
$45,250
$46,500
$47,000

Answer 1

$43,500

Explanation:

Charge for the month - margin of error

= 45 - 1.5

= $43.50

= 43.50 x 1,000

= $43,500