Calculate the Response Rate Given the Data Shown Below

question 50

Short Answer

Calculate the response rate given the data shown below.
Number in original sample: 1,250
Number not valid: 200
Failed to meet sample definition: 50
Refusals: 50
Not at home: 200

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Definitions:

NSF Check

A check that cannot be processed because the writer's account does not have sufficient funds, commonly known as a bounced check.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those shown on a bank statement to ensure accuracy.

Bank Service Charges

Fees charged by banks for various services such as account maintenance, transactions, or overdrafts, recorded as expenses in accounting.

Journal Entry

A record in accounting that represents a transaction and its effects on accounts, captured in the general ledger.