Weighting Is ​Statistical Adjustments

question 38

Multiple Choice

Weighting is ​statistical adjustments

• A) ​that are not acceptable to improve the survey results.
• B) made to survey data to accommodate those who did not understand the survey.
• C) made to survey data after collection to improve the accuracy of survey estimates.
• D) that reflect the margin of error related to the sample size.

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Definitions:

Financial Statement

A comprehensive report detailing a company's financial performance, position, and cash flows over a specific period.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance based on accounting principles.

Drawee

In financial terms, this is the entity upon which a cheque or draft is drawn and is responsible for paying the amount.

Financial Statement

A summarized record that shows the financial health of a business or individual, including components like balance sheets, income statements, and cash flow statements.