True or False A portfolio manager was analyzing the price-earnings ratio for this year's performance. His boss said that the average price-earnings ratio was 20 for the many stocks, which his firm had traded, but he felt that figure was too high. The portfolio manager randomly selected a sample of 50 P/E ratios and found a mean of 18.17 and standard deviation of 4.60 . Assume that the population
is normally distributed and test at the 0.01 level of significance. The decision rule is: Reject H0 if the calculated t < -2.405.
Indicate whether the statement is true or false
T
You might also like to view...
The documentation with the bank statement shows a debit memo for bank service charges. Based on this, what possible entry would be made in the company's accounts?
a. debit Miscellaneous Administrative Expense; credit Cash b. debit Cash; credit Other Income c. debit Cash; credit Accounts Payable d. debit Accounts Payable; credit Cash
Some key suggestions on writing style include: begin paragraphs with topic sentences that state the main idea, use strong verbs, use active voice, and avoid unnecessary changes in tense
Indicate whether the statement is true or false
If sales and expenses both rise by $100,000, profit margin will
a. decrease and asset turnover will decrease. b. increase and asset turnover will decrease. c. decrease and asset turnover will increase. d. increase and asset turnover will increase.
Discuss three reasons why an organization would use a report deck for a meeting
What will be an ideal response?