A continuous random variable is ________
A) a variable for which the number of possible outcomes can be counted
B) a variable that has outcomes over one or more intervals of real numbers
C) a characterization of the possible values that a random variable may assume along with the probability of each value
D) a variable for which there is only one possible value
B
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At the beginning of 2018, Uptown Travel Company has the following account balances:
Accounts receivable $45,000 (Debit) Allowance for Bad Debts $6000 (Credit) During the year, credit sales were $850,000. Cash collected on credit sales was $770,000, and $17,000 was written off. Uptown uses the aging-of-receivables method to record bad debts expense. The amount estimated as uncollectible was $26,000. The amount of Bad Debts Expense for 2018 is _______ A) $37,000 B) $26,000 C) $11,000 D) $9000
A marketing department should strive to create a balance between creativity and a strict interpretation of output from a marketing-mix model
Indicate whether the statement is true or false
Which of the following types of companies would not have a need to calculate a fixed overhead volume variance?
A) A company that uses variable costing. B) A company that uses absorption costing. C) A company that applies fixed overhead based on direct labor hours. D) A company that uses activity-based costing (ABC).
The Uniform Franchise Offering Circular (UFOC) satisfies only the Federal Trade Commission (FTC) and a separate disclosure document should be prepared by the franchisor in accordance with state regulations
Indicate whether the statement is true or false