Which of the following are continuous random variables??
I. The weight of an elephant
II. The time to answer a questionnaire
III. The number of floors in a skyscraper
IV. The square feet of countertop in a kitchen
A. ?I and II only
B. ?III and IV only
C. ?I, II and IV only?
D. ?I, II, II, and IV
Answer: C
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Which of the following trends can be unfavorable from the viewpoint of a bondholder?
a. The issuing company's debt ratio is steadily declining. b. The issuing company's interest coverage ratio is steadily rising. c. Market interest rates are steadily rising. d. The issuing company's net cash flow from operating activities is steadily increasing.
Sales less sales discounts, less sales returns and allowances equals:
A. Net purchases. B. Net income. C. Gross profit. D. Cost of goods sold. E. Net sales.
The budget assumes that 60% of commission expenses are paid in the month they were incurred, and the remaining 40% are paid one month later. In addition, 50% of salaries expenses are paid in the month incurred and the remaining 50% are paid one month later. Miscellaneous expenses, rent expense, and utilities expenses are assumed to be paid in the same month in which they are incurred. Insurance was prepaid for the year on January 1. How much is the total of the budgeted cash payments for selling and administrative expenses for the month of May?
A manufacturing company's budgeted income statement includes the following data:
A) $50,900
B) $56,600
C) $54,600
D) $45,200
The relationship between gross margin in dollars and the average investment at cost is known as _____
a. asset turnover b. gross margin return on investment c. the strategic profit model d. inventory turnover