A work sampling study requires an acceptable error level of ± 10 percent and 95 percent confidence
a. What is the required sample size if the sample proportion busy is as large as 50 percent?
b. What is the required sample size if the sample proportion busy is estimated to be about 20 percent?
a. (1.962 × .5 ×.5 ) / .12 = .9604 / .01 = 96.04 (96 should be fine, or can round up to 97 )
b. (1.962 × .2 ×.8 ) / .12 = .6147 / .01 = 61.47 or 62
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Under the payoff method of handling a bank failure, the FDIC
A. takes over the bank and controls its operations. B. closes the bank, sells off the assets, pays off insured depositors, and then pays off creditors of the bank if funds remain. C. keeps the bank open and lends funds to it so that it is able to continue its operation. D. finds a buyer for the bank, giving the buyer the good assets of the bank, and assumes the bad loans of the bank.
When sending a thank you note, what type of media is most acceptable?
A) PDF file B) Hand written on quality stationary C) Telephone D) Email E) Word attachment
Select the statement that is at odds with the idea that pricing strategies may be unfair.
A. Established distribution systems reward large retailers with lower costs per unit rather than the smaller stores that have higher cost per unit. B. Large stores in competition with smaller stores can absorb losses from undercutting the smaller stores on price, an option not available to the smaller ones. C. A competitive market should drive out uncompetitive firms by driving prices down. D. Government subsidies of one industry may keep alternative industries from competing on price.
The single-step and multistep income statements result in different net income figures
Indicate whether the statement is true or false