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For Questions , use the following narrative
Narrative: Politics
Suppose a population contains 60% Republicans and 40% Democrats.
-{Politics narrative} Is it possible to get a random sample that does not represent the population well, in terms of Democrats and Republicans? Explain your answer.
Annual Percentage Rate
The annual rate charged for borrowing or earned through an investment, including any fees or additional costs associated with the transaction.
Effective Annual Rate
The annual rate of interest that accounts for compounding over the year, providing a true reflection of the financial product's yield.
Rate of Return
The net gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.
Cash Flows
The total amount of money being transferred into and out of a business, affecting its liquidity.
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