As a Rule of Thumb, the Sampling Distribution of the Sample

question 14

Multiple Choice

As a rule of thumb, the sampling distribution of the sample proportions can be approximated by a normal probability distribution whenever

• A) np ≥5, n ≥30.
• B) np ≥5 and n(1-p) ≥5.
• C) n 30 and (1 - p) = 0.5.
• D) none of these alternatives is correct.

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Definitions:

Income Taxes Payable

Income Taxes Payable are the taxes that a company owes to the government, which have been incurred but not yet paid, appearing as a current liability on the balance sheet.

Operating Activities

The day-to-day actions related to running a business, encompassing sales, provision of services, and expenses that affect the company's net income.

Indirect Method

A technique used in cash flow statement preparation, adjusting net income for changes in accounts receivable, accounts payable, and depreciation to calculate cash flow from operating activities.

Operating Activities

Transactions and other events that enter into the determination of net income, including all activities not classified as investing or financing activities in cash flow analysis.