Briefly explain what the Central Limit Theorem has to do with control charts
What will be an ideal response?
It provides the theoretical foundation for x-bar charts. It leads to the usability of the normal distribution in control charts because regardless of the distribution of the population of all parts or services, the distribution of the samples means tends to follow a normal curve as the number of samples increases.
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The general rule for recording answers to unstructured questions is to record the responses verbatim
Indicate whether the statement is true or false
Midtown, Inc. had the following transactions in 2018, its first year of operations:
• Issued 31,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $20.00 per share. • Earned net income of $70,000. • Paid no dividends. At the end of 2018, what is total stockholders' equity? A) $31,000 B) $690,000 C) $620,000 D) $70,000
The final step in preparing the statement of cash flows is to use the information provided in the master T-account for _____ to prepare the formal statement
a. Cash b. Funds c. Operations d. Changes in accounts e. none of the above
Like other messages that convey unpleasant news, job-refusal letters are written inductively
Indicate whether the statement is true or false