In order to estimate the mean salary for a population of 500 employees, the president of a certain company selected at random a sample of 40 employees. Would you use the finite population correction factor in calculating the standard error of the sample mean? Explain
Yes; n/N = 0.08 > 0.05; therefore, the finite population correction factor is necessary.
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Which of the following would be classified as external users of financial statements?
a. Stockholders and management of the company b. The controller of the company and a company's stockholders c. The company's marketing managers d. The creditors and stockholders of the company
The academic planner of a university thinks that at least 35% of the entire student body attends summer school. The correct set of hypotheses to test his belief is
A. H0: p< .35 Ha: p
.35.
B. H0: p
.35 Ha: p> .35.
C. H0: p
.35 Ha: p< .35.
D. H0: p> .35 Ha: p
.35.
Between 2007 and 2010 the world witnessed a full-blown financial crisis that was attributed to
A) subprime mortgage repricing. B) quantitative easing by the Fed. C) foreign exchange imbalances. D) banking failures.
Corporate executives often prefer marketing research findings to be put into a report
A. full of statistical analysis with details on methods employed by the researchers. B. examining the ethical implications of implementing results from the research report. C. that exposes no deficiencies or limitations of the research process. D. that is clear, short, and simply expressed. E. expressing the views and beliefs of top management about the research problem.