Suppose That a Mail Survey Is Sent to 220 People

question 71

Multiple Choice

Suppose that a mail survey is sent to 220 people and 20 surveys are returned because they were mailed to the wrong address.If completed surveys are received from 60 people,the response rate for this study was:

• A)27.3 percent
• B)30 percent
• C)40 percent
• D)55.6 percent

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Definitions:

Basic Earnings

The amount of profit earned by a company on a per-share basis, before any deductions or adjustments.

Noncumulative

Pertains to dividends that, if missed by a company, are not required to be paid out to shareholders in the future.

Diluted Earnings Per Share

A calculation of earnings per share that includes potential shares from convertible securities, providing a "worst-case" scenario of earnings per share.

Basic Earnings

The amount of profit attributable to shareholders before deductions for preferred dividends, calculated on a per-share basis.