Which of the Following Statements About the 1936 Literary Digest

question 44

Multiple Choice

Which of the following statements about the 1936 Literary Digest poll that predicted Roosevelt's reelection defeat is true?

• A)The poll oversampled those with higher income.
• B)The poll oversampled groups heavily Democratic in orientation.
• C)The poll excluded owners of automobiles.-Consider This: The Literary Digest poll relied on motor vehicle registration lists to increase the size of the sample.
• D)The poll under-sampled middle-class voters who owned telephones.

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Definitions:

Available-For-Sale Securities

Financial assets not classified as held-to-maturity or trading securities, and thus can be sold in the short term for liquidity purposes.

Fair Value

The estimated price at which an asset or liability could be traded in a fair transaction between willing parties.

Balance Sheet

A financial report that provides a snapshot of a company's financial position by listing its assets, liabilities, and equity at a particular point.

Outstanding Voting Stock

The total shares of a corporation's stock that are currently owned by shareholders, including those with voting rights.