The Toronto Fire Department Has Hired You to Generate an Accurate

question 54

Multiple Choice

The Toronto Fire Department has hired you to generate an accurate estimate of how many homes have operational fire prevention systems.The Chief Fire Inspector gave you a list of two million residential telephone customers in the city.You sampled every two-thousandth address on the list.You survey each sampled household by telephone. How large is your sample?

• A) 500
• B) 1000
• C) 1500
• D) 2000
• E) 2500

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Definitions:

Equity Method

An accounting technique used to record investments in other companies where the investor has significant influence but does not have majority control.

Statement of Comprehensive Income

A financial statement that shows all changes in equity during a period except those resulting from investments by and distributions to equity investors.

Voting Shares

Shares that grant the holder the right to vote on company matters, such as electing the board of directors or making decisions affecting the company's policies.

Shareholders' Equity

The residual interest in the assets of an entity after deducting liabilities, essentially representing the owners' equity in a corporation.