In a Test Marked Study,206 Out of a Sample of 560

question 4

Multiple Choice

In a test marked study,206 out of a sample of 560 people state that they "liked" the product being studied.The proportion of people in this study who said that they liked this product was about:

• A).23
• B).37
• C).56
• D).71

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Definitions:

Periodic System

An inventory system where updates to inventory levels are made periodically, as opposed to continuously.

Voucher Systems

A control and documentation system used in accounting to process and monitor transactions.

Net Method

An accounting method where discounts for early payment are assumed to be taken and sales or purchases are recorded at their net of discount values.

Purchases Discount

Purchases discount is a reduction in the price paid for goods or services, often granted to a buyer when payment is made within a specified period.