A random sample of 25 students selected from the student body of a large university had an average age of 25 years and a standard deviation of 2 years. We want to determine if the average age of all the students at the university is significantly more than 24. Assume the distribution of the population of ages is normal. The test statistic is
A. 1.96.
B. 2.50.
C. 1.65.
D. .05.
Answer: B
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If the annual inflation rate is 3 percent in France and 5 percent in Italy, by how much will the real exchange rate change over a year? Assume that both countries use the euro so their nominal exchange rate cannot change.
A. 2 percent B. 3/5 percent C. ?3/5 percent D. ?2 percent
Normal losses that occur in the manufacturing process are properly classified as:
a. Extraordinary items. b. Product costs. c. Period costs. d. Deferred charges.
The Foreign Corrupt Practices Act prohibits bribery abroad
Indicate whether the statement is true or false
Requirements for HDC Status. Joseph Thomas stole two signed cashier's checks from a loan officer's desk at Chase Lincoln First Bank, N.A. Thomas wrote $200,000 as the amount of one check and $300,000 as the amount of the other, and made them payable to
the order of his brother-in-law. Posing as his brother-in-law, Thomas presented the checks to the Tropicana Casino. A casino employee who contacted Chase was told that the $200,000 check was "good," that there were adequate funds to cover it, and that there was no stop-payment order on the $300,000 check. Thomas gambled away most of the money before Chase stopped payment on the checks. The owner of the Tropicana, Adamar of New Jersey, Inc, filed a suit in a New York state court against the bank to recover the $500,000. When the court denied Adamar's motion for summary judgment, Adamar appealed. Had Adamar taken the checks in good faith, as required for HDC status? Discuss.