Dr Cyril Conducts a Simple Random Sample of 500 Men

question 34

Multiple Choice

Dr. Cyril conducts a simple random sample of 500 men who became fathers for the first time in the past year. He finds that 23% of them report being unsure of their ability to be good fathers, plus or minus 4%. What is another term for the 4% value?

• A)Margin of error
• B)Sampling bias
• C)Probability value
• D)Statistical significance

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Definitions:

Owner's Capital

The amount of money and other assets owned by a business's owner after all liabilities have been deducted; also known as owner's equity.

Accounts Receivable

Amounts due from clients to a business for goods or services that have been supplied or rendered but haven't been settled.

Accounts Payable

Amounts owed by a company to suppliers or creditors for goods and services received but not yet paid for.

Supplies

Materials and items consumed or used in the day-to-day operations of a business but not directly tied to the products manufactured.