What is the standard used by statisticians to determine the probability of an event occurring outside of chance alone?

a.0.05%
b.5%
c.95%
d.99%


ANS:B

Business

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Which method of adjusting for nonresponse has the researcher contacting a sub-sample of the nonrespondents; projecting the values obtained from the sub-sample to all respondents; then adjusting the survey results to account for nonresponse?

A) substitution B) sub-sampling of nonrespondents C) subjective estimates D) replacement

Business

In a specialty firm, paralegals are often tasked to maintain relationship with other firms and paralegals to help create professional associations

Indicate whether the statement is true or false

Business

Two former sales representatives of Amgen, a biotech company, alleged the company strongly encouraged its salesforce to search confidential medical records in dermatologist's offices to find names of patients that would benefit Amgen's drug Enbrel, a psoriasis treatment. After reporting this practice to the president, one rep was fired and the other resigned after receiving a poor performance review. Both sued Amgen, claiming they did not go along with the scheme because they objected to it as being unethical. The two sales representatives are

A. ombudsmen. B. cronies. C. whistle-blowers. D. contrarians. E. scabs.

Business

Assume that Sherrie's Cherries contracts with Dessert World to sell and ship 600 pounds of cherries in three equal installments of 200 pounds each. If the first installment arrives with 5 pounds of spoilage, then Dessert World may:

a. reject the installment shipment because of the perfect tender rule. b. not reject the installment if those in the food industry expect a small percentage of spoilage with fresh fruits or vegetables. c. reject the entire contract. d. declare a breach and "cover."

Business