Select the Sample Most Representative of the Population of Interest

question 82

Multiple Choice

Select the sample most representative of the population of interest.
-An employer wanted to determine the importance of health insurance as a benefit to employees.

• A)A group of 30 employees from the company who had medical treatment in the past year
• B)A group of thirty potential employees at the state office of employment
• C)A survey of 300 union members conducted by the union that represents workers at the company
• D)A group of thirty employees of the company

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Definitions:

Net Profit Margin

The net profit margin is a financial ratio that shows the percentage of profit a company generates from its total revenue.

Average Total Assets

A measure used to calculate the mean value of a company's assets over a specific period, helpful in assessing the company’s asset utilization efficiency.

Return on Assets

An indicator of how profitable a company is relative to its total assets, measuring the efficiency in using assets to generate earnings.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue, indicating the company's profitability.