Some industries commonly use two-part pricing, breaking the price down into a fixed fee and a fixed usage rate

Indicate whether the statement is true or false


FALSE

Business

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A random sample of 121 checking accounts at a bank showed an average daily balance of $280. The standard deviation of the population is known to be $66. a.Is it necessary to know anything about the shape of the distribution of the account balances in order to make an interval estimate of the mean of all the account balances? Explain.b.Find the standard error of the mean.c.Give a point estimate of the population mean.d.Construct an 80% confidence interval for the population mean.e.Construct a 95% confidence interval for the population mean.

What will be an ideal response?

Business

Meeting agendas are unnecessary for virtual meetings where the software provides the structure

Indicate whether the statement is true or false

Business

Cross-functional challenges are greater for minor changes to a strategy than for a completely new strategy.

Answer the following statement true (T) or false (F)

Business

To Immanuel Kant, an action is ethical if it is fair and done for the right reasons

Indicate whether the statement is true or false

Business