A ________ is a basis for classical statistical inference that is bell-shaped and symmetrical in appearance
A) normal distribution
B) standard deviation
C) variance
D) confidence interval
E) classic symmetry
A
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A company uses the following standard costs to produce a single unit of output. Direct materials6 pounds at $0.90 per pound=$5.40 Direct labor0.5 hour at $12.00 per hour=$6.00 Manufacturing overhead0.5 hour at $4.80 per hour=$2.40 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the total direct labor cost variance for the month was:
A. $1,200 unfavorable B. $2,450 unfavorable C. $1,200 favorable D. $3,650 favorable E. $2,450 favorable
Suppose the real risk-free rate is 3.50% and the future rate of inflation is expected to be constant at 4.10%. What rate of return would you expect on a 1-year Treasury security, assuming the pure expectations theory is valid? Include cross-product terms, i.e., if averaging is required, use the geometric average. (Round your final answer to 2 decimal places.)
A. 6.58% B. 7.74% C. 9.37% D. 6.50% E. 7.90%
A population has a mean of 84 and a standard deviation of 12 . A sample of 36 observations will be taken. The probability that the sample mean will be between 80.54 and 88.9 is
a. 0.0347 b. 0.7200 c. 0.9511 d. 8.3600
An asset based 3PL can be defined as: