Elwin Osbourne, CIO at GFS, Inc

question 15

Multiple Choice

Elwin Osbourne, CIO at GFS, Inc., is studying employee use of GFS e-mail for non-business communications.A random sample of 200 e-mail messages was selected.Thirty of the messages were not business related.The 90% confidence interval for the population proportion is _________.

• A)0.108 to 0.192
• B)0.153 to 0.247
• C)0.091 to 0.209
• D)0.145 to 0.255
• E)0.255 to 0.265

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Definitions:

Economic Benefits

The advantageous gains obtained from resources or actions, including income, profits, or intangible assets like brand reputation.

Fair Value

The expected price for unloading an asset or the charge for relocating a liability in an orderly market transaction at the reckoning time.

Identifiable Assets

Identifiable assets are company assets that can be separated from the entity, sold, transferred, licensed, rented, or exchanged, either individually or together with a related contract.

Fair Value

The value likely to be obtained from disposing of an asset or the expense incurred in transferring a liability, within a structured exchange involving market entities at the time of assessment.