Nonparametric methods which can be used to make inferences about a population without requiring an assumption about the distribution of the population are also called?
A. ?continuity-correction methods.
B. ?non-probabilistic methods.
C. ?distribution-free methods.
D. ?non-quantitative methods.
Answer: C
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Chow Company sold a car for $18,100. The cost of the car was $37,500 and an accumulated depreciation of $20,400 had been recorded on the same. The entry to record the disposal of the car is:
A) Accumulated Depreciation-Automobile 20,400 Cash 18,100Automobile 37,500Gain on Sale of Automobile 1,000 B) Accumulated Depreciation-Automobile 37,500 Automobile 37,500 C) Accumulated Depreciation-Automobile 20,400 Automobile 20,400 D) Automobile 37,500 Cash 37,500
Dean Builders agrees to purchase all of its sump pump requirements for the new houses it builds from Satisfactory Sump Pump, Inc These two business have had similar agreements the last three years and Dean's requirements have averaged 100 sump pumps per year. This year there was an unusually wet spring and Dean's requirements doubled to 200 sump pumps. Because of the high demand of sump pumps,
the market price of the pumps tripled. Satisfactory Sump Pump, Inc delivers 100 pumps at $75, the contract price. Satisfactory has exhausted its inventory and cannot deliver any more, so Dean buys the other 100 pumps from other suppliers at $225 each. Dean sues Satisfactory Sump Pump, Inc for the additional expense. What is the most likely result? a. Satisfactory Sump Pump, Inc. wins; output and requirements contracts are not enforceable since no quantity is stated. b. Dean wins; Satisfactory Sump Pump, Inc. agreed to meet the needs of Dean and did not do so, which is a breach. c. Satisfactory Sump Pump, Inc. wins; requirements contracts are governed by a good faith standard, and it was unreasonable for Dean to demand so many additional pumps. d. Dean wins; the requirement of good faith applies only between merchants, and Dean is not a merchant.
The FTC may consider an act unfair if it simply violates public policy
a. True b. False Indicate whether the statement is true or false
Which of the activities in the diagram have slack?
A) C and D B) B and D C) C and E D) B and E