A random sample of 41 scores of students taking the ACT test showed a standard deviation of 8 points. Provide a 98% confidence interval estimate for the standard deviation of all the ACT test scores.

What will be an ideal response?


6.34 to 10.75 (rounded)

Business

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Timberland Company received advance payments from customers during 2012 of $240,000. At December 31, 2012, $20,000 of the advance payments still had not been earned. After the adjustments are recorded and posted at December 31, 2012, what will the balances be in the Unearned Service Revenue and Service Revenue accounts? Unearned Service Revenue Service Revenue

A) $ 20,000 $220,000 B) $220,000 $ 20,000 C) $ 0 $240,000 D) $240,000 $ 0

Business

In a revenue center, the manager has control over only one item: revenue

Indicate whether the statement is true or false

Business

Product demand speci?cations are written for lay audiences who have no prior knowledge about a product

Indicate whether this statement is true or false.

Business

The modified internal rate of return (MIRR) is the discount rate that forces the ______.

A. future value of the project's terminal value to equal the future value of its cash outflows B. present value of the project's terminal value to equal the present value of its costs (cash outflows) C. future value of the project's terminal value to equal the present value of its costs D. present value of the project's terminal value to equal the future value of its costs E. present value of the project's terminal value to equal the sum of its undiscounted cash inflows

Business