Data for a particular subdivision near downtown Houston indicate that the average price per square foot for a home is $100 with a standard deviation of $5 (normally distributed)
What is the probability that the average price per square foot for a home is greater than $110?
A) 0
B) 0.023
C) 0.841
D) 0.977
E) None of the above
B
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Many small professional service businesses use the modified cash basis of accounting
a. True b. False Indicate whether the statement is true or false
Managing individuals in organizations is a task made difficult by the fact that everyone is ____________?
a. Similar b. An employee c. Different d. Difficult
Investors make their choices of which assets to hold by comparing the expected return, liquidity, and risk of alternative assets
Indicate whether the statement is true or false
In the context of risks to new businesses, identify a true statement about risk tolerance.
A. What constitutes a risk is determined by an entrepreneur by observing his or her own tolerances. B. Entrepreneurs can avoid a majority of the risks associated with new start-ups by allowing competitors to invest in their new businesses. C. In new markets, entrepreneurs must be willing to put up with risks that outweigh their personal risk tolerance. D. Risks must be determined by entrepreneurs based on the findings of focus groups with other entrepreneurs in the same industry.