Supporters of Gun Control in a University Town Claim That

question 97

Multiple Choice

Supporters of gun control in a university town claim that 60% of the students are in favour of stronger gun control in Canada. A social scientist at the university conducts a survey of 20 randomly chosen students and finds that 9 of the 20 favour stronger gun control. Given this information, which of the following is a reasonable conclusion?

• A) There is no reason to doubt the claim.
• B) The survey results constitute a rare event.
• C) The claim is incorrect.
• D) The true percentage of students who favour stronger gun control must be 45%.

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Definitions:

Receivables Balance

The total amount of money owed to a company by its customers for goods or services delivered on credit.

Depreciation

Depreciation is the accounting process of allocating the cost of tangible assets over their useful lives, representing how assets lose value over time.

Carrying Value

The book value of assets and liabilities recorded in the financial statements, often differing from the market value.

Net Realizable Value

The estimated selling price in the ordinary course of business minus the costs of completion, disposal, and transportation.