Given That a Sample of Size 60 and a Population

question 65

Multiple Choice

Given that a sample of size 60 and a population standard deviation of 1.3,what would be the margin of error at a 95% level of confidence?

• A)±0.01
• B)±3.29
• C)±0.33
• D)±0.4452

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Definitions:

FASB

The Financial Accounting Standards Board, an independent organization responsible for establishing accounting and financial reporting standards for companies and non-profit organizations in the United States.

IASB

The International Accounting Standards Board, responsible for the development and publication of International Financial Reporting Standards.

Leasing Exposure Draft

A preliminary standard or guideline released for public comment that addresses accounting for lease transactions.

Capital Leases

Leasing arrangements that are considered to possess the economic characteristics of asset ownership, typically leading to the lease asset being recorded on the balance sheet.