Four hundred people were asked whether gun laws should be more stringent. Three hundred said "yes," and 100 said "no." The point estimate of the proportion in the population who will respond "yes" is
a. 300
b. approximately 300
c. 0.75
d. 0.25
C
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Mark's employer passes out checks at the end of each quarter, representing an equitable portion of 5% of the company's pretax profits for the previous period. This is known as
A. pay for performance. B. pay for knowledge. C. a bonus. D. profit sharing. E. gainsharing.
Production equipment that cost $20,000, with a salvage value of $5,000 and an estimated service life of five years, was purchased on the first day of the first month of the fiscal year. The second year of depreciation, using the declining-balance method, would result in depreciation expense of:
a. $4,000 b. $8,000 c. $3,600 d. $2,400 e. none of the above.
Rule 10b-5 applies to any:
a. buyer of a registered security. b. seller of a registered security. c. person who buys or sells a registered security. d. person who buys or sells any security.
In a time study, what is the required sample size to be 95% confident that the observed average time is within ± 2% of the actual value, if the process has a standard deviation of 1 minute and mean of 50 minutes?
What will be an ideal response?