Hoping to Get Information That Would Allow Them to Negotiate

question 165

Multiple Choice

Hoping to get information that would allow them to negotiate new rates with their advertisers,
Natural Health magazine phoned a random sample of 600 subscribers. 64% of those polled said they
Use nutritional supplements. Which is true?
I. The population of interest is the people who read this magazine.
II. "64%" is not a statistic; it's the parameter of interest.
III. This sampling design should provide the company with a reasonably accurate estimate of the
Percentage of all subscribers who use supplements.

• A) I only
• B) I and III only
• C) II and III only
• D) I and II only
• E) I, II, and III

---

Definitions:

Accrued Interest

The interest that has accumulated over a period of time but has not yet been paid by the borrower.

Contingencies

Conditional liabilities or assets that may arise due to future events, whose effects cannot be determined with certainty at the present time.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific time, showing assets, liabilities, and equity.

Lawsuit Loss

Financial damages that a company is required to pay as the result of legal judgment or settlement of a lawsuit.