A sample of 24 observations is taken from a population that has 150 elements. The sampling distribution of is
a. approximately normal because xis always approximately normally distributed.
b. approximately normal because the sample size is large in comparison to the population size.
c. approximately normal because of the central limit theorem.
d. normal if the population is normally distributed.
d
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The financial statements for Stephens' Electric Company include the following items
2017 2016 Cash $55,000 $51,000 Cash Equivalents 23,500 20,000 Net Accounts Receivable 30,000 26,000 Merchandise Inventory 81,000 65,000 Total Assets 530,000 548,000 Accounts Payable44,500 35,000 Salaries Payable 24,000 20,000 Long-term Note Payable 61,000 57,000 Income From Operations 124,500 115,000 Interest Expense 28,000 33,000 Compute the 2016 cash ratio. (Round your answer to two decimal places.) A) 1.29 B) 1.15 C) 2.03 D) 0.63
Which of the following is a capital component for the purpose of calculating the weighted average cost of capital in capital budgeting??
A. ?The after-tax cost of long-term debt B. ?The after-tax cost of common stock C. ?The after-tax cost of preferred stock D. ?The after-tax cost of retained earnings E. ?The after-tax cost of new equity
An opportunity cost is a relevant incremental cost for capital budgeting decisions
Indicate whether the statement is true or false
Nonprofits and their boards need not be concerned with conflicts of interest
Indicate whether the statement is true or false