Use the Following Information to Answer the Question

question 54

Multiple Choice

Use the following information to answer the question. A sprint duathlon consists of a 5 km run, a 20 km bike ride, followed by another 5 km run. The mean finish time of all participants in a recent large duathlon was 1.67 hours with a standard deviation of 0.25 hours. Suppose a random sample of 30 participants in the 40- 44 age group was taken and the mean finishing time was found to be 1.62 hours with a standard deviation of 0.40 hours.
-Suppose we were to make a histogram of the finishing times of the 30 participants in the 40- 44 age group. Would the histogram be a display of the population distribution, the distribution of a sample, or the sampling distribution of means?

• A)distribution of a sample
• B)sampling distribution of means
• C)population distribution

Apply accounting principles to transactions involving sales discounts, sales returns, and sales allowances.

Identify and categorize accounts as asset, liability, or equity and their normal balances.

Analyze transactions involving sales tax and determine the correct journal entries.

Distinguish between a discount period and a credit period and their impact on cash flow and sales revenue.

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Definitions:

AFL

The American Federation of Labor, a national federation of labor unions in the United States.

Small Employers

Businesses with a relatively small number of employees, which may face different challenges and regulatory standards than larger organizations.

Manufacturing Companies

Businesses involved in the production of goods in large quantities, typically using machinery and involving the assembly of components or the processing of raw materials.

AFL-CIO Split

The division within the American Federation of Labor and Congress of Industrial Organizations, a major trade union center in the United States, often referring to historical rifts or disputes leading to the creation of separate labor federations.