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Exhibit 8-5
A random sample of 64 SAT scores of students applying for merit scholarships showed an average of 1400 with a standard deviation of 240.
-Refer to Exhibit 8-5. The margin of error at 95% confidence is
Documentation
The process of creating, compiling, and maintaining records and detailed information.
Partnership
A lawful business structure involving two or more people who jointly manage and share the earnings.
Financial Accounting Standards Board
An independent organization responsible for establishing and improving financial accounting standards in the United States.
Generally Accepted Accounting Principles
The standard framework of guidelines for financial accounting used in any given jurisdiction.
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