It is believed that the median yearly income in a suburb of Atlanta is $70,000 . A sample of 67 residents was taken. Thirty-eight had yearly incomes above $70,000, 26 had yearly incomes below $70,000, and 3 had yearly incomes equal to $70,000 . The null hypothesis to be tested is H0: Median = $70,000 . To test the null hypothesis, the appropriate probability distribution to use is a _____
a. normal distribution
b. chi-square distribution
c. t distribution
d. binomial distribution
a
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Kater Company manufactures shelving units. The company receives pre-cut wood, drills holes in the wood so that movable shelves may be installed, then assembles and paint the units. Classify each of the following items of factory overhead as either fixed or variable cost
a. Janitorial service (an outside service, not company employees) b. Supervisor of the Drilling Department c. Oil used to lubricate drill press machines d. Propane for forklift trucks used to move the material from the Drilling Department to the Assembly Department e. Natural gas used to heat the plant f. Security guard g. Drill bits used in the drilling department h. Insurance on factory building i. Electricity to power drill press machines j. Rent of factory building
Which of the following could not be more efficiently performed with data analytics?
A. Identification of possible duplicate payments. B. Identification of unusual expense reimbursements. C. Identification of an unrecorded cash deposit. D. Identification of cash recorded from an unusual accounting source.
Passive voice is wrong, and you should avoid it entirely for business writing
a. true b. false
The price of a European call option on a stock with a strike price of $50 is $6 . The stock price is $51, the continuously compounded risk-free rate (all maturities) is 6% and the time to maturity is one year
A dividend of $1 is expected in six months. What is the price of a one-year European put option on the stock with a strike price of $50? A. $8.97 B. $6.97 C. $3.06 D. $1.12