If a National Survey Finds Candidate a Leads Candidate B

question 1

Multiple Choice

If a national survey finds candidate A leads candidate B by 5 percent in the upcoming election
And the margin of error in the survey is 3 percent,it means that

• A)candidate A leads candidate B by exactly 5 percentage points.
• B)candidate A leads candidate B by anywhere between 2 and 8 percentage points.
• C)candidate A leads candidate B by exactly 3 percentage points.
• D)candidate A and candidate B are statistically tied.

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Definitions:

Variable Costing

An accounting method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of goods sold.

Absorption Costing

A system of accounting that encompasses the full range of manufacturing costs—direct materials, direct labor, and overheads both variable and fixed, within the cost framework of a product.

Break-even Sales

The amount of revenue required to cover total fixed and variable costs, resulting in a net profit of zero.

Eastern Division

A geographical or operational segment of a larger organization designated to cover the eastern part of a country or area.