The First National Mortgage Company has noted that 6% of its customers pay their mortgage payments after the due date.
a.What is the probability that in a random sample of 150 customers 7 will be late on their payments?b.What is the probability that in a random sample of 150 customers at least 10 will be late on their payments?
What will be an ideal response?
?
| a. | 0.1183 |
| b. | 0.4325 |
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Based on Philip Mirvis’s and Bradley Googins’s five-stage corporate citizenship developmental process, which of the following is most likely to characterize a company’s first philanthropic action?
a. giving a very small percentage of profits to a well-known global charity b. giving some money to a local nonprofit when the nonprofit reaches out directly c. sending employees to work at local nonprofits and charities one full day each year d. starting a foundation that can give to a wide range of causes of interest to the organization
The tort of defamation of character requires a plaintiff to prove that the defendant ________
A) publicized a private fact about the plaintiff B) insulted people closely related to the plaintiff, such as family or friends C) published an untrue statement of fact about the plaintiff to a third party D) made one or more financial deals with the plaintiff under a false identity
From a population that is normally distributed, a sample of 25 elements is selected and the standard deviation of the sample is computed. For the interval estimation of ?, the proper distribution to use is the
A. normal distribution. B. t distribution with 25 degrees of freedom. C. t distribution with 26 degrees of freedom. D. t distribution with 24 degrees of freedom.
What is the term used to describe the policies and procedures that are designed to reduce the opportunities for fraud?
A. Financial systems B. Asset source transactions C. Accounting standards D. Internal controls