A Sample of 100 Information Systems Managers Had an Average

question 31

Multiple Choice

A sample of 100 information systems managers had an average hourly income of $40.00 with a standard deviation of $8.00. The value of the margin of error at 95% confidence is

• A) 80.
• B) 8.
• C) .10.
• D) 1.568.

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Definitions:

Accounting

The systematic process of recording, summarizing, and analyzing financial transactions of a business.

Loans and Receivables

Financial assets provided to another party with the expectation of receiving repayment plus interest over a set period of time.

IFRS

International Financial Reporting Standards, a set of accounting guidelines that govern how financial statements are prepared worldwide.

GAAP

GAAP stands for Generally Accepted Accounting Principles, which are a set of rules and standards used in financial reporting and accounting in the United States.