Following the Republican National Convention, a Poll of 600 Voters

question 36

Multiple Choice

Following the Republican National Convention, a poll of 600 voters in a Central Illinois community showed that 57% expected the Republican ticket to win over the Democrat ticket no matter whom the Democrats chose for vice-president. The margin of error was 4 percentage points. There are 25,000 registered voters in the community. What is the range likely to contain the population parameter?

• A) 13,250 to 15,250
• B) 24,400 to 25,600
• C) 318 to 366
• D) 53% to 61%

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Definitions:

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage.

Note Duration

The length of time until a note payable or receivable is due to be paid or received.

Promissory Note

A monetary tool that involves a formal commitment from one entity to give a specific amount of cash to another, either when asked or at an agreed-upon date in the future.

Face Value

The nominal or original value of a security or financial instrument as stated by its issuer, often the amount to be repaid at maturity.