Surveying About _____ Will Enable a Survey Researcher to Be

question 37

Multiple Choice

Surveying about _____ will enable a survey researcher to be 95 percent confident of describing the entire population,with only a 3 percent margin of error.

• A)12,000 randomly assigned participants
• B)1,200 randomly selected participants
• C)one-third of the total population
• D)one-twelfth of the total population

---

Definitions:

Sales Totaled

This term refers to the aggregate amount of revenue generated from the sale of goods or services over a specific period.

Inventory Cost

The total cost incurred for obtaining, storing, and managing inventory that has not yet been sold.

Retail Method

An inventory valuation method used in retail, estimating inventory costs based on the relationship between the cost and retail price of goods.

Inventory Costing

A method used to value inventory, determining the cost of goods sold and remaining inventory value.