Approximate the following binomial probabilities by the use of normal approximation
a. P(X = 18, n = 50, p = 0.3)
b. P(X ? 15, n = 50, p = 0.3)
c. P(X ? 12, n = 50, p = 0.3)
d. P(12 ? X ? 18, n = 50, p = 0.3)
a. 0.0805
b. 0.5596
c. 0.2206
d. 0.7198
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The t distribution is a symmetric bell-shaped distribution that is useful for small sample testing
Indicate whether the statement is true or false
Fitzpatrick Company had $500 of accrued salary expenses that will be paid during the following accounting period. How would the related adjusting entry be recorded in the company's T-accounts?
A.
| Salaries Expense | |
| 500 | |
| Cash | |
| 500 | |
B.
| Salaries Expense | |
| 500 | |
| Salaries Payable | |
| 500 | |
C.
| Cash | |
| 500 | |
| Salaries Expense | |
| 500 | |
D.
| Salaries Payable | |
| 500 | |
| Salaries Expense | |
| 500 | |
Having the manager's compensation tied to the company's performance increases the agency problem that corporations face.
Answer the following statement true (T) or false (F)
All else being equal, an increase in the yield to maturity of a bond will result in:
A. an increase in the market price of the bond. B. a greater interest rate price risk on a long-term bond than on a short-term bond. C. an increase in the maturity value of the bond. D. a decrease in the rate of return at which the cash flows from the portfolios can be reinvested. E. a lower risk of suffering losses in the market values of the bond portfolios.