Which of the following is not a characteristic for a normal distribution?
a. It is symmetrical.
b. The mean is always zero.
c. The mean, median, and mode are all equal.
d. It is a bell-shaped distribution.
B
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Maureen agrees to sell her interest in the farm to Joe. Maureen and her husband, Bill, hold the property as tenants by the entireties. What consequence?
A) There is no sale. B) The sale severs the tenancy and creates a tenancy in common. C) The sale transfers one-half interest in land. D) The sale results in a partition of the land.
Refer to the data on Expected Demand for Weston Gadgets, Inc. For the various demand scenarios, if you applied the Laplace criterion, what is the lowest payoff?
A. $39.33 million
B. $34.00 million
C. $31.33 million
D. $43.33 million
Which of the following statements regarding responsibility accounting is not correct?
A. It calls for the preparation of responsibility reports listing the budgeted and actual revenue and/or expense items over which the manager has control. B. It requires top management to prepare a budget for the entire company and communicate that plan to lower levels of management. C. It is most effective in a decentralized business structure where many managers exert control over various segments of a company's operations. D. It calls for the preparation of reports containing detailed information regarding the performance of a responsibility center.
Which of the following is unlikely to be found in an internet stock quotation?
A) earning per share (EPS) B) beta C) previous day's closing price D) broker's commission per 100 shares