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Zarrin [17]
2 years ago
14

Which of the following statements is true of sampling error? Group of answer choices It occurs when a sample somehow does not re

present the target population. It occurs when the selected sample is an imperfect representation of the overall population. It occurs when there is a measured difference between the information desired and the information provided. It occurs when the sample drawn from a population differs from the target population
Business
1 answer:
ludmilkaskok [199]2 years ago
8 0

Sampling error occurs when a sample somehow does not represent the target population.

Answer:

Statement  (A) is true

<u>Explanation:</u>

Sample means a small group selected from a large group.The large group from which a sample is selected is called the population.Basically a sample is selected to draw conclusions regarding population because it is not possible to study the entire sample.But if sample sample does not represent the target population then our conclusions will not be accurate.This will give rise to sampling errors.

If occurs when sample is biased.So we need to be very careful while selecting a sample.It must represent the entire population not just a part of population.

Sampling error can be reduced by increasing the size of population,dividing population in groups,select appropriate population.

Sampling error occur when population is not correct as per our requirement,or when sample is selected randomly.It may also occur when sample selected does not respond ,at that time it becomes difficult to draw conclusions regarding population.

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TLC Credit, Inc. has $35.0 million in consumer loans with an average interest rate of 12.0%. The bank also has $30.0 million in
MissTica

Answer:

$460,000 decrease

Explanation:

The computation of TLC's estimated change in revenues next year is shown below:-

TLC's estimated change in revenues next year = ((Consumer loan × Interest rate) + (Home equity loan × Interest rate) + (Corporate securities × Interest rate)) - ((Increased consumer loan × Decrease rate) + (Increase equity loan × Interest rate) + (Corporate securities × (1 - decreased percentage) × average interest rate))

= (($35.0 million × 0.12) + ($30.0 million × 0.O8) + ($5.0 million × 0.06)) - (($40.0 million × 0.10) +($32.0 million × 0.065) + (5 million × (1 - 20%)  × 0.09))

=$6,900,000 - $6,440,000

= $460,000 decrease

Therefore for computing the TLC's estimated change in revenues next year we simply applied the above formula.

6 0
1 year ago
You are a Director in the Andrews Corporation. Your boss called you to inform you that there is a proposed layoff in your depart
Luden [163]

Answer:

Making sure that Shelia understands the economic need for laying-off staff.

Explanation:

Lay-offs and the communication associated with it is never a pleasant topic for the employee who is getting laid-off, but also for the person who is in charge of delivering the message.

The key takeaway when communicating things related to lay-offs is the distinction between <em>lay-offs</em> and <em>employee firing due to bad performance</em>. Lay-offs are never the result of an individual's bad performance or mistakes regarding work, instead, they are always related to business issues, such as mandatory downsizing. All in all, lay-offs are always about <em>economic issues </em>regarding the business.

That's why it is irrelevant to talk about personal traits and the lay-off process since it is not the employee's fault.

6 0
2 years ago
Read 2 more answers
You lost $65,000 out of your original $105,000 investment. What percentage of your initial investment was lost?
cestrela7 [59]

Answer:

The answer is 62% (B)

Explanation:

The easiest way to answer this is by simply doing $65,000 divided by $105,000. You'll get 61.9 but if you round it, you get 62% and that's how you get the answer.

Also, I just got this question and I got it correct.

Hope this helps!!

6 0
2 years ago
Which of the following has the greatest impact on your cash flow?
Deffense [45]

Answer:

 

Low-priced inventory with high turnover

Explanation:

GOT IT RIGHT IN QUIZ

6 0
2 years ago
In its most recent annual report, Appalachian Beverages reported current assets of $54,000 and a current ratio of 1.80. Assume t
svetlana [45]

Answer:

Current Ratio - Transaction 1 = 1.6666  rounded off to 1.67

Current Ratio - Transaction 2 = 1.6388  rounded off to 1.64

Explanation:

The current ratio is a measure of liquidity which measures the amount of current assets a business has to pay off each $1 of current liability. It is calculated as follows,

Current Ratio = Current Assets / Current Liabilities

We know the initial current ratio and current assets. The initial current liabilities will be,

1.8 = 54000 / Current Liabilities

Current Liabilities = 54000 / 1.8

Current Liabilities = $30000

Transaction 1

The result of transaction 1 will be that the current assets will increase by $6000 as inventory increases and the current liabilities will also increase by $6000 as accounts payable are increasing. The new current ratio will be,

Current Ratio - Transaction 1 = (54000 + 6000)  /  (30000 + 6000)

Current Ratio - Transaction 1 = 1.6666 rounded off to 1.67

Transaction 2

The result of transaction 2 will be that the current assets will decrease by $1000 as payment for truck which is a fixed asset is made partly by cash and the current liabilities will not increase as the note signed for the remaining payment of the truck is due after 2 years thus it is a non current liability. The new current ratio will be,

Current Ratio - Transaction 2 = (54000 + 6000 -1000)  /  (30000 + 6000)

Current Ratio - Transaction 2 = 1.6388  rounded off to 1.64

5 0
1 year ago
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