Large Samples Are Not Much More Accurate Than Small Samples

question 3

Multiple Choice

Large samples are not much more accurate than small samples. A sample of a few thousand-even one thousand-is capable of reflecting the opinions of 1 million or 100 million voters fairly accurately. For example, a random sample of one thousand voters across the United States can produce a sampling error (plus or minus) of

• A) 95 percent.
• B) 85 percent.
• C) 3 percent.
• D) 6 percent.

---

Definitions:

Note Payable

A formal written agreement to repay a borrowed amount of money, including terms such as interest rate and maturity date.

Accounts Payable

The amounts owed by a business to its suppliers or creditors for goods and services received but not yet paid for.

Promissory Note Receivable

This is a financial asset representing a written promise by one party to pay a specified sum of money to another party under agreed terms.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan remaining.