You want to test whether or not the following sample of 30 observations follows a normal distribution. The mean of the sample equals 11.83 and the standard deviation equals 4.53.
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At the 5% level of significance, the conclusion of the test is that the
A. null hypothesis cannot be rejected.
B. data does not follow a normal distribution.
C. sample data has no probability distribution.
D. sample data is incorrect.
Answer: A
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The denominator used in the calculation of basic earnings per share is the:
A. number of common shares outstanding at the end of the year. B. weighted average number of common shares outstanding during the year. C. weighted average number of common shares and preferred shares outstanding during the year. D. number of preferred shares outstanding at the end of the year.
During inflationary periods, the use of the FIFO method of costing inventory will yield an inventory amount for the balance sheet approximating the current replacement cost
Indicate whether the statement is true or false
Mentoring:
a. is a poor way to develop individual potential. b. is a concept that many companies have yet to adopt. c. is always a case of an older person guiding a younger person. d. means taking someone under your wing, guiding and teaching that person so that he or she benefits from your experience and skills.
What is the formula used to determine the amount of merchandise inventory to be purchased?
What will be an ideal response