The Lazy River Corporation Has Issued 4 Million Shares

question 214

Multiple Choice

The Lazy River Corporation has issued 4 million shares. Its earnings were $16 million of which it retained $8 million. What was the dividend per share?

• A) $2
• B) $3
• C) $5
• D) $6

---

Definitions:

Confidence Coefficient

A value, typically close to 1, that specifies the likelihood that a confidence interval will contain the true population parameter.

Sampling Distribution

The distribution of a statistic (like a mean or proportion) that would result from taking a large number of samples from a population.

Standard Deviation

A metric that assesses the extent of variation or spread in a collection of data in relation to its average, demonstrating the degree to which the data values are scattered.

Confidence Interval

A set of values generated from sample data, believed to capture the value of an unspecified population parameter.