Which of the following represents a difference between continuous and discrete random variables?
A. Continuous random variables assume an uncountable number of values, and discrete random variables do not.
B. The probability for any individual value of a continuous random variable is zero, but for discrete random variables it is not.
C. Probability for continuous random variables means finding the area under a curve, while for discrete random variables it means summing individual probabilities.
D. All of these choices are true.
Analysis:
A. Incorrect. All of these choices are true.
B. Incorrect. All of these choices are true.
C. Incorrect. All of these choices are true.
D. Correct. All of these choices are true.
ANSWER : D
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Dividends to preferred stockholders are deducted from net income when calculating the return on common stockholders' equity ratio because
a. dividends are not an expense on the income statement. b. the ratio is an indicator of the return on "common" stockholders' equity, not the return on preferred stock. c. dividends are only available for distribution to common stockholders. d. conservatism indicates that shareholders prefer a smaller numerator.
Which of the following misstatements is not related to the completeness assertion for revenue?
A. This year's revenue is recorded next year. B. Next year's revenue is recorded this year. C. Revenue is not recognized for services that have been performed. D. Goods are shipped, but revenue is not recorded.
Optimization is a statistical process for estimating the relationships among variables.
Answer the following statement true (T) or false (F)
Scrambled merchandising is carrying
A. a specific product line and offering yearly discounts. B. a number of product lines and offering a clearance sale twice a year. C. any product lines that a store thinks it can sell profitably. D. discounted product lines. E. a limited product line at a high price aimed at a small number of consumers.