Describe the central limit theorem and explain what we can assume about the sampling distribution based upon this principle.
What will be an ideal response?
The central limit theorem states that when sample means of a particular sample size are infinitely drawn from a particular population, the sampling distribution will be approximately normally distributed. Because of this, we can assume that the sampling distribution is approximately normally distributed.
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A check may fall under Uniform Commercial Code Article 3 as a negotiable instrument and be subject to UCC Article 4 in the course of collection.
Answer the following statement true (T) or false (F)
Derived demand refers to
A. the relationship between total revenue and total cost to determine profitability at various levels of output. B. a graph relating the quantity sold and price, which shows the maximum number of units that will be sold at a given price. C. the point on a demand curve where supply and demand intersect. D. the demand for industrial products and services that is driven by the demand for consumer products and services. E. the percentage change in quantity demanded relative to a percentage change in price.
As the capital budgeting director for Chapel Hill Coffins Inc., you are evaluating construction of a new plant
The plant has a net cost of $5 million in Year 0 (today), and it will provide net cash inflows of $1 million at the end of Year 1, $1.5 million at the end of Year 2, and $2 million at the end of Years 3 through 5. Within what range is the plant's IRR? A) 14-15% B) 15-16% C) 16-17% D) 17-18% E) 18-19%
A mere holder or an assignee takes a negotiable instrument subject to all claims and defenses to it
Indicate whether the statement is true or false