Use the Venn Diagram to Identify the Population and the Sample

question 1

Multiple Choice

Use the Venn diagram to identify the population and the sample.
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• A)Population: Magazine subscribers; Sample; Magazine subscribers who renew their subscription
• B)Population: Magazine subscribers who renew their subscription; Sample: Magazine subscribers

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Definitions:

Budgeted Production

Forecasted amount of products a company plans to produce over a specific period, based on its budget.

Raw Material A

The primary or basic materials that are used in the production of goods, not yet processed or manufactured.

Materials Purchases

The procurement of raw materials required for production or manufacturing processes.

Sales Budget

A detailed plan that estimates the expected sales for a particular period, including volume and revenue forecasts.