Identify the Sample and Population

question 28

Essay

Identify the sample and population. Also, determine whether the sample is likely to be representative of the population. A study is interested in whether men and women are equally
likely to vote Democratic, Republican or Independent or not vote in a presidential election.
Results were polled through a popular news website.

---

Definitions:

Acquisition of Merchandise

The process of obtaining goods for sale, typically involving selection, ordering, and purchasing from suppliers.

Inventory Account

An inventory account is an account on the balance sheet that represents the value of unsold goods held by a company.

Perpetual Inventory System

A method of inventory management where updates to inventory records are made in real-time following every transaction.

Cost of Goods Sold

Cost of goods sold (COGS) represents the direct costs attributable to the production of the goods sold by a company.