An Online Service Ran a Poll of Its Internet Subscribers

question 34

Essay

An online service ran a poll of its internet subscribers and asked whether they would re-elect the current President. Among the 1,304,240 responses, 768,731 answered "yes", 286,756
answered "no", and 248,753 said it was "too soon to decide". Given how large this sample
is, can it be considered to be representative of the population of the United States? Explain.

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Definitions:

Unit Trusts

Investment funds that allow investors to pool their money together in a single fund, which is managed by a fund manager.

Held for Sale

A classification for assets or disposal groups that are immediately available for sale in their current condition and for which sale is highly probable.

Control Test

A criterion used to determine whether an entity has control over another entity, which could influence consolidation decisions.

Asset Recognition

The criteria and process for including items as assets in the financial statements.