A Survey Found That 79% of a Random Sample of 1024

question 15

Multiple Choice

A survey found that 79% of a random sample of 1024 Canadian adults approved of cloning endangered animals.Find the margin of error for this survey if we want 90% confidence in our estimate of the percent of Canadian adults who approve of cloning endangered animals.

• A)4.56%
• B)21.4%
• C)5.43%
• D)2.49%
• E)2.09%

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Definitions:

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent or salaries.

Indirect Costs

Costs that are not directly traceable to a specific product or activity, such as overhead and administrative expenses.

General Electric

General Electric is a multinational conglomerate corporation operating in sectors like aviation, power, renewable energy, and healthcare.

Ending Inventory

The pricing of available merchandise at the termination of an accounting interval, computed by taking the starting inventory, adding buying costs, and subtracting the cost of goods sold.