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NEW QUESTION 40
A local restaurant owner decides to poll individuals randomly regarding how much they would be willing to spend on a romantic dinner for two. The owner takes a preliminary sample of 32 people and finds that the average amount those surveyed were willing to pay is $35 with a standard deviation of $10. The owner is not satisfied, however, because the owner wants to be 95% sure that the mean of the new sample falls within $2 of the true mean. What is the minimum number of people the owner should interview? Note that z=1.96 for a 95% confidence interval.

  • A. 0
  • B. 1
  • C. 2
  • D. 3

Answer: B

 

NEW QUESTION 41
In finance, beta is a measure of the systematic risk of a security in comparison to the market as a whole. Beta can be found by running a regression analysis of the monthly returns of the security versus the monthly returns of the general market. The regression output table below shows the relationship between Boeing's monthly returns and the monthly returns of the Standard and Poor's 500 (S&P 500) which is a stock market index of 500 large companies.
CORe-aa01f33a705f17f7efcda4c4d9b7b6ee.jpg
If beta is the average change in Boeing's monthly returns as the monthly returns of the S&P 500 increase by one, what is Boeing's beta?

  • A. 0.0100
  • B. 0.2708
  • C. 1.1400
  • D. 0.5204

Answer: C

 

NEW QUESTION 42
Which of the following options is an example of revenue?

  • A. $10,000 received from a customer for goods purchased a month ago
  • B. $20,000 received as a down payment from a customer when they placed their order
  • C. $300 received from a customer when they purchased and received an item
  • D. An order for $3,000 received from a customer

Answer: C

 

NEW QUESTION 43
A pharmaceutical company is developing a drug that aims to reduce the recovery time (in days) for a particular illness. To test the effect, the company gives 200 randomly selected patients a placebo and 200 randomly selected patients the new drug. The findings from the study are provided below.
CORe-4d0ab9c707cefb2e898da2a5300fddec.jpg
Based on this output and a confidence level of 95%, which of the following options would be considered correct?

  • A. The researchers would reject the null hypothesis. Furthermore, they would suspend production of the new drug, because there is no evidence that it significantly lowers recovery time.
  • B. The researchers would not reject the null hypothesis. Furthermore, they would continue production of the new drug, because there is evidence that it significantly lowers recovery time.
  • C. The researchers would reject the null hypothesis. Furthermore, they would continue production of the new drug, because there is evidence that it significantly lowers recovery time.
  • D. The researchers would not reject the null hypothesis. Furthermore, they would suspend production of the new drug, because there is no evidence that it significantly lowers recovery time.

Answer: D

 

NEW QUESTION 44
Company B recorded a transaction with a debit of $10,000 to deferred revenue and a credit of $10,000 to revenue. Which of the following situations BEST describes the transaction that would lead to this journal entry?

  • A. Company B collected $10,000 for a product that had not been delivered.
  • B. Company B delivered a product for which $10,000 had already been paid.
  • C. Company B received an order for a product at the price of $10,000.
  • D. Company B sold a product for $10,000.

Answer: B

 

NEW QUESTION 45
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