What statistic is used to determine the accuracy of a Monte Carlo simulation?
A) Mean
B) Standard deviation
C) Covariance
D) Correlation coefficient
B
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The acid-test ratio differs from the current ratio in that it
a. represents the amount of cash on hand instead of the amount of working capital. b. excludes inventories and accounts receivable from the numerator of the fraction because of obsolescence and possible nonpayment. c. is a stricter test of a company's ability to pay its current debts as they are due. d. signals the need to liquidate marketable securities when it drops below 5 to 1.
The process of determining the amount of change that must occur in a variable before a different decision would be made is referred to as _________________________________
Fill in the blank(s) with correct word
For which measurement scale must the change in the attribute measured among assigned numbers be equal?
a. Interval scale b. Ratio scale c. Ordinal scale d. Both a and b
Employee Roberta Smiles clocked 48 hours this week by working her regular five days (40 hours), and then returning for a full 8 hours on Sunday. Roberta's pay rate is $10.50 per hour, and Sunday is considered a double-time day by her employer. Her total gross earnings will be $488.00
Indicate whether the statement is true or false