A recent Gallup poll conducted telephone interviews with a random sample of 1000 adults aged 18 and older. Of these, 37% said that football is their favorite sport to watch on television. The margin of error for the estimate is 3.1%. Interpret the margin of error:

Would you be surprised if a census revealed that the population proportion was 0.50? Why?

Explain how Gallup could decrease the margin of error:

explanation:

the loan estimate encourages consumers to shop. since it is the lenders who are required to issue a standardized loan estimate in a specific time frame, this way consumers are provided an opportunity to compare lenders and their products. otherwise consumer wouldn't know the benefits offered by other lenders.  

if a loan originator does not provide a loan estimate within 3 business days of receiving a completed loan application, that lender is in violation. lenders are required to issue a loan estimate within 3 days of applying for a loan or within 7 days prior to closing. having a loan estimate has following information.

not having loan estimate won't give you an idea of money to be borrowed.

you get to know your interest rates.

you also get to know if your interest rate can or may vary.

not having a good faith estimate can keep you unaware of aforementioned points.

he is going to fill two shelves and the third shelf will only have five video games