The office manager for an ophthalmologist wants to estimate the average time that the doctor spends with each patient in order to better schedule appointments. A random sample of 49 is taken and the sample mean is 20.3 minutes. Assume that the office
manager knows from past experience that the standard deviation is 14 minutes. She finds that a 95% confidence interval is between 18.3 and 22.3 minutes. What is the point estimate of the population mean? What is the confidence coefficient?
20.3; 0.95
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The maturity date for a six-month note issued on January 15 would be ________.
A) July 15 B) July 14 C) July 16 D) July 10
The method of distributing service department costs to production departments which makes no attempt to determine the extent to which one service department renders its services to another department is the:
a. Direct distribution method. b. Sequential distribution method. c. Service department distribution method. d. Reciprocal method.
Answer the following statements true (T) or false (F)
1. The rate of return on common stockholders' equity shows how much income is earned for each $1 of total stockholders' equity. 2. Normally, companies with low gross profit percentages will have low asset turnover. 3. The asset turnover ratio is a way to evaluate how well a company can pay its short-term liabilities. 4. The dividend yield can be calculated for both common and preferred stockholders. 5. The price/earnings ratio shows the market price of $1 of earnings.
Because of the information technology revolution, few major companies today use ad agencies to develop advertising campaigns
Indicate whether the statement is true or false