Depository receipts are identical to the securities themselves
Indicate whether the statement is true or false
False
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Answer the following statements true (T) or false (F)
1. In a partnership, a person can become a partner by purchasing an existing partner's interest. 2. The purchase of an existing partner's interest is a transaction between the partnership and the new partner, and not a personal transaction between the two individuals involved. 3. When a new partner enters into a partnership by purchasing an existing partner's interest, the total assets and equity of the business increase. 4. When a new partner is admitted to a partnership by purchasing an existing partner's interest, the business's accounting records do not record the transfer of cash from the new partner to the existing partner. 5. Admission of a new partner to a partnership, by purchasing an existing partner's interest, simply transfers capital from one partner's account to another.
Numbers one through nine should be spelled out if no larger number appears in the same sentence
Indicate whether the statement is true or false
Suppose a manufacturer produces computers in batches of 100 . A researcher is interested in the proportion of all computers produced that are faulty so he randomly samples one batch and finds 9 faulty cameras. Which of the following would be a reasonable estimate of the population proportion of cameras that are not faulty?
a. 0.91 b. 91 c. 0.09 d. 9
Assume you have applied for two jobs A and B. The probability that you get an offer for job A is 0.23 . The probability of being offered job B is 0.19 . The probability of getting at least one of the jobs is 0.38
a. What is the probability that you will be offered both jobs? b. Are events A and B mutually exclusive? Why or why not? Explain.