Which of the Following Conditions Does Not Allow You to Use

question 138

Multiple Choice

Which of the following conditions does not allow you to use the formula $\bar { x } \pm z _ { a / 2 } \sigma / \sqrt { n }$ to estimate $\mu$ ?

• A)Population is normally distributed and the population variance is known.
• B)Population is not normally distributed but n is large; population variance is known.
• C)Population has any distribution and n is any size.
• D)All of these choices allow you to use the formula.

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Definitions:

Payback Period

The duration required for an investment to produce a sum of income or cash that matches the investment's initial cost.

Useful Life

The estimated time period that an asset is expected to be usable for its intended purpose.

Simple Rate Of Return

A calculation used to evaluate the profitability of an investment, determined by dividing the annual incremental net operating income by the initial investment cost.

Salvage Value

The expected residual worth of an asset upon the conclusion of its effective lifespan.