Ask Accounting Basics Expert

1. Which statistic may be used to summarize a set of categorical data?
A) Percent in each category
B) Median
C) Mean
Feedback: Mean and median are statistics that describe a quantitative data set. The percent that falls in each category can be used to describe a categorical data set.
Points Earned: 0.0/1.0
Correct Answer(s): A

2. In order to employ the Empirical Rule which one of the following is true?
A) The data needs to be Empirical.
B) The data needs to be bell shaped
C) The data needs to be normal
D) The Empirical Rule works for any data set.
Feedback: The data needs to be bell shaped. Normal is a specific type of bell shaped distribution, but is not necessary to employ the Empirical Rule.
Points Earned: 1.0/1.0
Correct Answer(s): B

3. A study was done at Penn State to determine the attitudes students have regarding students carrying guns on campus. The study design involved randomly selecting 50 students from each class standing: Freshman, Sophomore, Junior, Senior, and Graduate. The design BEST describes which sampling method?
A) Stratified
B) Simple Random
C) Cluster
D) Convenience
Feedback: Randomly selecting from each class standing, or strata, would be an example of stratified random sampling.
Points Earned: 1.0/1.0
Correct Answer(s): A

4. When graphing categorical data, which of the following graphs would be MOST appropriate?
A) Box plot
B) Pie Chart
C) Histogram
D) Stem and Leaf
Feedback: Except for the pie chart, all other graphs are for quantitative data.
Points Earned: 1.0/1.0
Correct Answer(s): B

5. What observed height would have a z-score of zero?
A) 65
B) 69
C) 73
D) 0
Feedback: For a z-score of 0 we would find the observed height using the equation: observed equals z-score times SD plus mean. A z-score 0 times 4 would be 0, and adding this to a mean of 69 would simply be 69. Or, if you recall that z-scores represent the number of standard deviations an observed score is from the mean then a z-score of 0 would mean the observation was zero standard deviations from the mean thus the observed value would be the mean.
Points Earned: 1.0/1.0
Correct Answer(s): B

6. Approximately what percent of male heights are between 65 inches and 73 inches?
A) 99.7
B) 95
C) 68
D) 50

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91598875
  • Price:- $50

Priced at Now at $50, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Question what discoveries have you made in your research

Question: What discoveries have you made in your research and how does this information inform your ability to evaluate effective coaching and its impact on organizations? Consider these guiding questions: 1. What core c ...

Question requirement 1 read the article in below attachment

Question: Requirement: 1. Read the article in below attachment, and answer the questions in a paper format. Read below requirements before your writing! 2. Not to list the answers, and you should write as a paper format. ...

Question as a financial consultant you have contracted with

Question: As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You have agreed to provide a detailed report ill ...

Question the following information is taken from the

Question: The following information is taken from the accrual accounting records of Kroger Sales Company: 1. During January, Kroger paid $9,150 for supplies to be used in sales to customers during the next 2 months (Febr ...

Assignment 1 lasa 2-capital budgeting techniquesas a

Assignment 1: LASA # 2-Capital Budgeting Techniques As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You ha ...

Assignment 2 discussion questionthe finance department of a

Assignment 2: Discussion Question The finance department of a large corporation has evaluated a possible capital project using the NPV method, the Payback Method, and the IRR method. The analysts are puzzled, since the N ...

Question in this case you have been provided financial

Question: In this case, you have been provided financial information about the company in order to create a cash budget. Management is seeking advice or clarification on three main assumptions the company has been operat ...

Question 1what step in the accounting cycle do adjusting

Question: 1. What step in the accounting cycle do Adjusting Entries show up 2. How do these relate to the Accounting Worksheet? 3. Why are they completed at the end of each accounting period? The response must be typed, ...

Question is it important for non-accountants to understand

Question: Is it important for non-accountants to understand how to read financial statements? If you are not part of the accounting/finance function in a business what difference would it make? The response must be typed ...

Question refer to the hat rack cash flow statement 2002 in

Question: Refer to the Hat Rack Cash Flow Statement, 2002 in the text on page 17. Answer the following questions and submit to me via Canvas by the due date. 1. Cash flow from operations? 2. Cash flow from investing? 3. ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As