In a Test Marked Study,206 Out of a Sample of 560

question 4

Multiple Choice

In a test marked study,206 out of a sample of 560 people state that they "liked" the product being studied.The proportion of people in this study who said that they liked this product was about:

• A).23
• B).37
• C).56
• D).71

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Definitions:

Accounts Receivable

Accounts receivable is the money owed to a company by its customers or clients for goods or services that have been delivered but not yet paid for.

Credit Sale

A business transaction in which the purchaser buys goods or services on account, agreeing to pay the seller at a future date.

Pay Later

A type of payment arrangement allowing the purchaser to buy goods or services and defer payment to a future date.

Sales Receipt

A document that records a transaction where the payment is made immediately at the time of sale.