Question: In a survey conducted by Yahoo Small Business 1432 of
In a survey conducted by Yahoo Small Business, 1432 of 1813 adults surveyed said that they would alter their shopping habits if gas prices remain high (Associated Press, November 30, 2005). The article did not say how the sample was selected, but for purposes of this exercise, assume that it is reasonable to regard this sample as representative of adult Americans. Based on these survey data, is it reasonable to conclude that more than three-quarters of adult Americans plan to alter their shopping habits if gas prices remain high?
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