If 206 People in a Sample of 560 People Say

question 41

Multiple Choice

If 206 people in a sample of 560 people say that they "liked a product" that they purchased during a test market study in Cincinnati,the proportion of people in this study who said that they liked this product was about:

• A).40
• B).37
• C).56
• D)2.71

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Definitions:

Net Operating Income

A gauge of a corporation's earnings from its main operating activities, not including the effects of interest and taxes.

Sales Increase

An upward trend in the volume or value of sales transactions over a particular period, indicating growth in business activity.

Margin of Safety

The difference between actual or projected sales and the break-even sales, indicating the amount by which sales can decline before a business incurs losses.

Percentage of Sales

A financial ratio that expresses certain financial metrics, such as expenses or profits, as a percentage of total sales, providing insight into efficiency or profitability.