The student body of a large university consists of 60% female students. A random sample of 8 students is selected. What is the probability that among the students in the sample at least 7 are female?
a. .1064
b. .0896
c. .0168
d. .8936
a
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Suppose the economy is thought to be 1 percent below its potential output (i.e., the output gap is ?1 percent). The potential output is growing at 4% a year. Suppose the Fed is following the Taylor rule, with an inflation rate of 4 percent over the past year. The equilibrium real fed funds rate is 3 percent, the weight on the output gap is 0.75 and the weigh on the inflation gap is 0.25. The inflation target is 1 percent. What should the federal funds rate be?
A. 7 percent B. 8 percent C. 9 percent D. 10 percent
Which of the following is TRUE about task and relationship conflict?
a. The two are often related. b. Task conflicts often lead to increased relationship conflicts. c. The two are not at all related. d. The two are related only on routine tasks.
A company holds $40,000 of 7% bonds as a held-to-maturity security. The journal entry to record receipt of a semiannual interest payment includes a debit to Cash for $2,800 and a credit to Interest Revenue for $2,800.
Answer the following statement true (T) or false (F)
Jake has prepared pro forma financial statements for his landscaping business. At the minimum, how often should he check results and make modifications as needed?
A. annually B. quarterly C. monthly D. weekly