Certainly, let's break down the problem step-by-step to understand and arrive at the solution.
1. Identify the Problem:
- A company is surveying households to see interest in their service.
- They want to know how much they can charge per month.
2. Extract the Given Information:
- The survey was sent to 250 households.
- The company determined it could charge [tex]$45 per month.
- There is a margin of error mentioned, but let's focus on the core details here: households surveyed and potential pricing.
- Let's assume we need to determine the total monthly revenue if all surveyed households are interested in the service.
3. Calculate the Monthly Revenue:
- If each of the 250 households is willing to pay $[/tex]45 per month, we need to calculate the total revenue from these households.
The computation steps are as follows:
- Multiply the number of households by the monthly charge:
[tex]\[
\text{Total Monthly Revenue} = \text{Number of Households} \times \text{Monthly Charge}
\][/tex]
Plugging in the given values:
[tex]\[
\text{Total Monthly Revenue} = 250 \times 45
\][/tex]
4. Perform the Multiplication:
- Calculating [tex]\( 250 \times 45 \)[/tex]:
[tex]\[
250 \times 45 = 11250
\][/tex]
Hence, the total monthly revenue, if all surveyed households subscribed to the service, would be $11,250.
By following these steps, we have effectively determined the monthly revenue based on the survey results and the given information.
