In a Presidential Election Poll Surveying a Random Sample of 1,200

question 56

Multiple Choice

In a presidential election poll surveying a random sample of 1,200 voters,the margin of error is around 1.5 percent.This means that if a candidate,according to the sample of voters in the survey,will receive 47 percent of the vote on Election Day,we can confidently predict that in the real election that candidate will receive ____________________.

• A) 47 percent of the vote
• B) 46 percent to 48 percent of the vote
• C) 44.5 percent to 49.5 percent of the vote
• D) 45.5 percent to 48.5 percent of the vote
• E) We cannot predict the exact percent of the vote because statistics are not reliable.

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Definitions:

Profit Margin

An indicator of a company's profitability, measured by dividing net income by revenue, and expressing the result as a percentage.

Total Asset Turnover

A measure of how efficiently assets are employed by a company to generate revenue from sales.

Equity Multiplier

A financial ratio that measures a company's total assets financed by its shareholders' equity, indicating leverage level.

Return On Equity

A measure of a corporation's profitability, indicating how much profit a company generates with the money shareholders have invested.