If you change the control limits from ±3 standard errors from the centerline to ±2 standard deviations from the centerline, this ____________________ the probability of a Type I error and ____________________ the probability of a Type II error
Fill in the blank(s) with correct word
increases; decreases
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You are writing a final report for your evaluation project. You recognize that the current draft of the final report is too lengthy. You want to move “nice-to-know” information to an appendix, thus shortening the report to “must-know” content only. Which of the following information is the best candidate to be moved to an appendix?
a. a description of three types of stakeholders b. a description of dimensions investigated c. a description of data collection instruments used to investigate individual dimensions d. a description of the survey questions included in the questionnaire
The following lettered items represent a classification scheme for a multistep income statement. In the blank next to each account, write the letter indicating to which category it belongs. a. Revenues d. General and administrative expenses b. Cost of goods sold e. Other revenues and expenses c. Selling expenses f. Not on income statement _____ 1. Depreciation Expense (for delivery truck) _____
6. Rent Expense (for main office) _____ 2. Dividend Income _____ 7. Advertising Expense _____ 3. Cash _____ 8. Personnel Expense _____ 4. Interest Income _____ 9. Unearned Revenue _____ 5. Prepaid Rent _____ 10. Sales Discounts Fill in the blank(s) with correct word
The gross profit method of inventory valuation is NOT valid when
a. there is substantial increase in the quantity of inventory during the year. b. there is substantial increase in the cost of inventory during the year. c. the gross margin percentage changes significantly during the year. d. all ending inventory is destroyed by fire before it can be counted.
For each of the following transactions, indicate the type by entering AS for asset source transactions, AU for asset use transactions, AE for asset exchange transactions, and CE for claims exchange transactions.1) ________ Paid $2,000 in dividends to its stockholders2) ________ Recorded the accrual of $1,000 in salaries to be paid later3) ________ Issued common stock for $20,000 in cash4) ________ Earned revenue to be collected next year5) ________ Paid the salaries accrued in #2 above 6) ________ Received cash from customers in #4 above7) ________ Purchased supplies on account8) ________ Received $500 from a customer for services to be provided later
What will be an ideal response?