Which one of the following statements is true regarding two random samples, drawn in the same way, from the same population, one of size 30 and one of size 300?
A. The larger sample is more likely to produce a large sample mean.
B. The smaller sample will have a smaller 95% confidence interval for the mean.
C. The two samples are expected to have the same sample mean.
D. The smaller sample will, on average, produce a lower estimate of the variance of the population.
Answer: C
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Empirical research is:
a. inductive. b. deductive. c. analytical. d. none of the above.
A company's planned borrowings and repayments appear on the:
A) production budget. B) selling and administrative expense budget. C) interest income budget. D) cash budget. E) operating budget.
While KFC focuses on international markets, its competitor, Chick-fil-A, focuses on the domestic U.S. market. What is the reason behind this strategic difference?
A. Chick-fil-A is part of a large conglomerate, whereas KFC has more flexibility to pursue a geographic diversification strategy. B. KFC has more financial resources than Chick-fil-A since it is a publicly traded stock company. C. KFC wants to follow a differentiation strategy, and Chick-fil-A wants to pursue a cost-leadership strategy. D. Chick-fil-A has a larger customer base and number of outlets in the U.S. market than its competitor KFC.
Name five mediums that organizations use to provide information to members.
What will be an ideal response?