At Cedar Rapids Community College, administrators want to determine the average commuting distance for their students who commute to school. They randomly select 250 students who commute and ask them the distance of their commute to campus. From this group a mean of 19.3 miles is computed
a. Describe/find the parameter.
b. Describe/find the statistic.
c. Describe the population.
d. Describe the sample.
a. The mean commute distance for all commuting students at the college.
b. 19.3 miles.
c. All commuting students enrolled at the college.
d. The 250 randomly selected commuting students.
You might also like to view...
If a person carelessly runs a car into yours, that person has committed the:
A. substantive tort of negligence. B. procedural tort of negligence. C. civil tort of negligence. D. criminal tort of negligence.
Which of the following statements is false regarding materiality judgments?
a. Materiality judgments are a matter of professional judgment. b. Materiality judgments depend on the needs of a reasonable person (an investor, potential investor, or other stakeholder) relying on the information. c. Materiality judgments involve both quantitative and qualitative considerations. d. Materiality judgments are easy for auditors to make.
Which of the following organizations published “Objectives of Financial Statements” (Trueblood Committee Report)?
a. AAA b. AICPA c. APB d. CAP
Which one of the following measurement bases applies to investments not subject to equity accounting that are classified as trading securities?
a. Current value b. Book value c. Effective rate of interest method d. Lower-of-cost or market