For Questions Use the Following Narrative

question 43

Multiple Choice

For Questions use the following narrative
Narrative: Exit poll
Suppose a recent election exit pollster reports that "Forty-eight percent of the voters polled said they voted for Candidate A.The margin of error for this survey is plus or minus 2.5 percentage points." Assume the exit poll was designed and conducted correctly.
-{Exit poll narrative} About how many people were sampled?

• A)40
• B)1,600
• C)16,000
• D)Not enough information to tell.

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Definitions:

Double-entry System

An accounting system where every transaction is recorded in at least two accounts, with debits equaling credits, ensuring the accounting equation is always in balance.

Revenues

The total income generated from the sale of goods and services before any expenses are subtracted.

Expenses

Economic costs that a company incurs through its operations to generate revenue, often categorized as operational, selling, and administrative expenses.

Revenue Account

A financial account that tracks the income generated from a company's business activities, such as sales or services provided.