Determine Whether the Evaluated Group Is a Population or a Sample

question 117

Multiple Choice

Determine whether the evaluated group is a population or a sample.
-A health and fitness club surveys 40 randomly selected members and finds that the average weight of those
Questioned is 157 lb.

• A)Population
• B)Sample

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Definitions:

Discount

A reduction in the price of goods or services, often used as a sales promotion or to encourage early payment.

Bonds Payable

A long-term liability account that records the amounts owed by a company to bondholders, to be repaid at a future date.

Collateral

An asset pledged as security for repayment of a loan, to be forfeited in the event of default.

Secured Bonds

Bonds that are backed by collateral, providing a safer investment option with lower interest rates due to reduced risk.