A federal auditor for nationally chartered banks from a random sample of 100 accounts found that the average demand deposit balance at the First National Bank of small town was $549.82 . If the auditor needed a point estimate for the population mean for all accounts at this bank, what would she use?
a. The average of $54.98 for this sample.
b. The average of $549.82 for this sample.
c. There is no acceptable value available.
d. She would survey the total of all accounts and determine the mean.
e. Not enough information is given to answer this question.
B
You might also like to view...
Properties whose physical substance consists of natural resources that are consumed in the operation of a business are called wasting assets
a. True b. False Indicate whether the statement is true or false
Indicate whether each of the following statements is true or false.Information prepared using allocated costs often is used in evaluating the performance of managers. Information prepared using allocated costs should not be used in budgeting and resource allocation decisions within a company. A cost that is indirect with respect to one cost object may be direct with respect to other cost objects. Fixed costs generally are direct costs, and variable costs generally are indirect. An allocation base causes a cost to be incurred.
What will be an ideal response?
Mark owns a driving range in New York City. He has taken notice of the three competitors who are located very close to his business. Mark decides to look at his competitors' pricing and then determine his best pricing strategy based on all of the information. In this scenario, Mark is utilizing ________.
A. penetration pricing B. competitor-based pricing C. price skimming D. value pricing E. target ROI
While talking about their supervisors, a group of employees at GreenWire Corp. agreed that one of the supervisors, Samuel, has a winning personality. They found out that they like working for him and often did more than what they were asked to do because they wanted Samuel to like them. From the given information, we can infer that Samuel has ________ power.
A. referent B. expert C. reward D. position