A random variable that may take on any value in an interval or collection of intervals is known as a _____ random variable.
A. continuous
B. discrete
C. mixed type
D. multivariate
Answer: A
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A career in private accounting indicates:
A. Working undercover for an organization such as the Federal Bureau of Investigation (FBI). B. Providing accounting services to the company that employs you. C. Being employed by one of the "Big 4" accounting firms. D. All of the other answer choices are correct statements.
An asset was purchased for $120,000 and originally estimated to have a useful life of 10 years with a residual value of $10,000. After two years of straight line depreciation, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $2,000. Calculate this year's depreciation using the revised amounts and straight line method
A) $25,000 B) $11,000 C) $24,000 D) $24,500
Focus groups:
A. consist of 20 to 30 potential customers. B. should be led by the entrepreneur. C. discuss information in a formal and standardized procedure. D. are an informal method of gathering market information.
How do gains and losses differ from revenues and expenses? How are they similar?
What will be an ideal response?