If you are drawing from a uniform distribution with scores ranging from 1 to 5, what is the probability of drawing a 4?

a. 1/5
b. 2/5
c. 1
d. none of the above


a. 1/5

Business

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A form of convenience sampling in which the population elements are selected based on the researcher's discretion is called ________

A) quota sampling B) snowball sampling C) judgmental sampling D) sampling E) simple random sampling

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Why should a company be concerned about integrating communications from different sources within the company?

What will be an ideal response?

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A company that produces products individually designed to meet the needs of a specific customer, would normally use a job order costing system.

Answer the following statement true (T) or false (F)

Business

Which of the following rules is essential for successful cash flow estimates, and ultimately, to successful capital budgeting analysis?

A. The return on invested capital is the only relevant cash flow. B. Only incremental cash flows are relevant to the accept/reject decision. C. Total cash flows are relevant to capital budgeting analysis and the accept/reject decision. D. Sunk cost is affected by accept/reject decisions and considered while estimating incremental cash flows. E. Opportunity cost has no impact on the cash flows and is not included in cash flow estimation.

Business