When calculating the confidence interval for an average, the standard deviation is used:
A) because it indicates lack of variability
B) because it is the appropriate measure of variability for a metric variable
C) because it is the appropriate measure of variability for a categorical variable
D) because it is smaller and less expensive to calculate
E) none of the above; standard deviation is not used to calculate confidence for an average
B
You might also like to view...
When we use varied identities on social media or e-mail, we are able to become which of the following?
A. tasteless B. fearless C. genderless D. feckless
A ______ is a written description of a new venture, including its objectives and the steps for achieving them.
a. business plan b. sales pitch c. elevator pitch d. mission statement
Based on Hofstedeās work, countries that have high individualism include ______.
a. Panama b. Ecuador *c. United States d. Columbia
Using the percentage of sales method, forecasted retained earnings balance is equal to
A) the ratio of retained earnings to sales for the current year multiplied by projected sales for next year, minus dividends paid. B) the retained earnings balance for the current year as no changes are made to this financing account when using the percent of sales method. C) prior year retained earnings plus projected net income less projected dividends. D) the ratio of retained earnings to sales for the current year multiplied by projected sales for next year.