The interquartile range is very unique in the sense that it is a measure of central tendency as well as a measure of dispersion
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FALSE
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Since the capacity to be a principal depends upon the capacity of the principal to do the act himself, a person cannot appoint an agent to act for him in the case that he subsequently loses mental capacity
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The Uniform Commercial Code and the Uniform Partnership Act are both enactments of Congress
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The deterministic (non-simulation) approach, using best guesses for the uncertain inputs, is:
a. better to use in complicated real world applications b. a good estimate of what the answer will be using a simulation approach c. generally not the appropriate model d. the preferred approach when there is correlation between input variables
A manufacturer of breakfast cereal is concerned about corn prices. The firm anticipates needing 1 million bushels of corn in one month. The current price of corn is $6.50 per bushel and the futures price for delivery in one month is $7.00 per bushel
The cost to store the corn for 1 month is $100,000. What should the firm do? A) Hedge with futures for a total cost of $7,000,000. B) Hedge with futures for a total cost of $6,900,000. C) Buy the corn now and store for 1 month, for a total cost of $6,500,000. D) Buy the corn now and store for 1 month, for a total cost of $6,600,000.