Amendment. The Board of Directors of a publicly traded company says that a proposed amendment to their

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Amendment. The Board of Directors of a publicly traded company says that a proposed amendment to their bylaws is likely to win approval in the upcoming election because a poll of 1505 stock owners indicated that 52%

would vote in favor. The Board goes on to say that the margin of error for this poll was 3%.

a) Explain why the poll is actually inconclusive.

b) What confidence level did the pollsters use?

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