The absolute value of the difference between the point estimate and the population parameter it estimates is
a. the standard error
b. the sampling error
c. precision
d. the error of confidence
B
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Which of the following describes an electronic test market?
A) It is one in which the firm tests the product or marketing-mix variables through the company's normal distribution channels. B) It is conducted by outside research firms that guarantee distribution of the product through prespecified types and numbers of distributors. C) It includes a panel of consumers that has agreed to carry identification cards that each consumer presents when buying goods and services. D) A limited amount of data on consumer response to a new product is fed into a model containing certain assumptions regarding planned marketing programs, which generates likely product sales volume. E) none of the above
Which of the following is recorded in the cash receipts journal?
A) cash withdrawn by the owner B) cash purchase of equipment C) cash received on customer's account D) adjusting entry for depreciation
In the U.S. punitive damage rulings have no measureable effect on medical areas.
Answer the following statement true (T) or false (F)
On January 1, 2017, Zade Manufacturing Corporation purchased a machine for $40,900,000. Zade's management expects to use the machine for 27,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $47,000. The machine was used for 3,900 hours in 2017 and 5,400 hours in 2018. What is the depreciation expense for 2017 if the corporation uses the units-of-production method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)