When a continuous probability distribution is used to approximate a discrete probability distribution, a value of 0.5 is added to and/or subtracted from the
A. area.
B. value of x.
C. value of z.
D. value of µ.
Answer: B
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Princess and Eternal have an idea for a business that will deliver meals to homes. Customers would place meal orders from one of 10 local restaurants and pay for the meal and delivery online. Once the meal order is placed, Princess and Eternal would be notified of the order and address of the customer. They would pick it up at the restaurant and deliver it to the customer's business or residence. They formerly lived in a community with this service and know it will work if set-up properly. What is the first thing they must do to have a successful business?
A. Plan B. Design C. Execute D. Evaluate
An agency's deciding an appealed case de novo means:
A) agency hearings produce evidence of general conditions. B) the agency may hear additional evidence and arguments in deciding whether to revise the findings and conclusions made in the initial decision. C) without regard to new evidence. D) an agency may impose in its orders sanctions, such as penalties.
Wolfe, Inc. accepted $500 in returned merchandise from a credit customer. How would this affect the financial statements?
A) The balance sheet would be affected - liabilities would increase. B) The balance sheet would be affected - liabilities would decrease. C) The income statement would be affected - net income would increase. D) The income statement would be affected - net income would decrease.
Which of the following best describes the availability float?
A) how long it takes the firm to process the check and deposit it in the bank B) how long it takes before the bank gives the firm credit for the funds C) how long it takes before payments to suppliers actually result in a cash outflow for the firm D) how long it takes for a firm to be able to use funds after a customer has paid for its goods