A continuous random variable X has a uniform distribution between 10 and 20 (inclusive), then the probability that X falls between 12 and 15 is 0.30

Indicate whether the statement is true or false


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Business

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List and describe the three types of budgets that are included in the master budget.

What will be an ideal response?

Business

Tuesday Electric Company uses the direct method to prepare its statement of cash flows

Tuesday has reported operating expenses of $63,000 on its income statement for the year 2017. If the balance in accrued liabilities has increased by $6,000 during the year, then $6,000 needs to be added to $63,000 to calculate payments to suppliers for operating expenses. Indicate whether the statement is true or false

Business

Firms are obligated to return a principal amount per share to each holder of common stock

Indicate whether the statement is true or false

Business

Simple random sampling has been used to obtain a sample of size 60 from a population of size 700 . The sample mean was 500 with a standard deviation of 60

a. Estimate the standard error of the mean. b. Develop an approximate 95% confidence interval for the population mean.

Business