What is the median of the following set of data? Test scores for 10 students: 50, 95, 75, 20, 80, 100, 100, 98, 90, 45
a. 90
b. 80
c. 85
d. 74.3
c
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Answer the following statements true (T) or false (F)
Prior to SFAS No. 106, OPEB had been handled on a cash basis of accounting.
Which of the following would be considered a recommendation?
a. The cost of the brick veneer will be seven percent more than aluminum siding. b. Even though brick veneer is more expensive, we understand it will be more durable over the years. c. Install brick veneer, since its slightly higher cost will be well offset by its durability. d. Both brick veneer and aluminum siding have their advantages.
Two independent samples are drawn from two populations, and the following information is provided.
Sample 1
Sample 2
n34
52
55
65
s14
18
?
We want to test the following hypotheses.
H0: ?1 - ?2? 0Ha: ?1 - ?2< 0?
a.Determine the degrees of freedom.b.Compute the test statistic.c.At the 5% level, test the hypotheses. Assume the two populations are normally distributed and have equal variances.
What will be an ideal response?
Which of the following is a false statement?
A) Risk averse people will pay an insurance premium that is greater than the mathematically fair chance of loss in order to relieve themselves of uncertainty. B) A risk seeker is willing to assume risk. C) The mathematically fair price for insurance is the objective risk for the insurer multiplied by the maximum possible loss. D) Insurance is never a mathematically fair trade because the insurer adds several operating and other costs to loss costs when it calculates the premium.