If an Advance in Computer Technology Reduces the Need for Businesses

question 8

Multiple Choice

If an advance in computer technology reduces the need for businesses to hire accountants, students majoring in accounting should expect

• A) a lower rate of return on their human capital investment.
• B) an increase in their employment prospects.
• C) a higher wage rate than they were expecting when they selected their major.
• D) an increase in the demand for accountants.

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Definitions:

Original Sample

The initial group of participants or observations collected for analysis or experimentation before any manipulation or selection takes place.

Bootstrap Confidence Interval

A statistical technique for estimating the uncertainty of a parameter by resampling with replacement.

Percentile Method

A statistical calculation used to determine the value below which a given percentage of observations in a data set falls.

Resamples

The process of drawing repeated samples from observed data, with the aim of estimating a population parameter.