The standard deviation of all possible ? values is called the
a. standard error of proportion
b. standard error of the mean
c. mean deviation
d. central variation
B
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On May 22, Jarrett Company borrows $7,500 from Fairmont Financing, signing a 90-day, 8%, $7,500 note. What is the journal entry needed to record the payment of the note by Jarrett Company on the maturity date?
A. Debit Notes Payable $7,650; credit Cash $7,650. B. Debit Notes Payable $7,500; credit Interest Expense $150; credit Cash $7,350. C. Debit Notes Payable $7,500; debit Interest Expense $150; credit Cash $7,650. D. Debit Cash $7,650; credit Interest Revenue $150; credit Notes Receivable $7,500. E. Debit Notes Payable $7,500; credit Cash $7,500.
In an activity framework controlling costs translates into
A) reducing direct labor hours. B) managing activities. C) selling more goods. D) careful identification of resource drivers. E) all of these.
Sally suspects strongly that there is a learning curve associated with solving problems assigned for operations management. She notes that it took her approximately 33 minutes to solve the first problem and 20 minutes to solve the fifth problem
a. Estimate Sally's learning curve. b. Using your answer from part a, estimate how much longer it will take Sally to finish the three problems that remain.