I the T Distribution Is Based on the Assumption That

question 72

Multiple Choice

i. The t distribution is based on the assumption that the population of interest is normal or nearly normal.
Ii) The t distribution is a continuous distribution.
Iii) There is not one t distribution, but rather a "family" of t distributions.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) is a correct statement but not (ii) or (iii).
• C) (i) and, (iii) are correct statements but not (ii).
• D) (ii) and, (iii) are correct statements but not (i).
• E) All statements are false

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Rental Activity

Engaging in leasing out property as a business or investment, generating income from tenants paying rent.

Flow-Through Entity

A legal business entity where income flows through to investors or owners; the entity itself is not taxed but the individuals receiving the income are.

C Corporation

A legal structure for a corporation where the owners, or shareholders, are taxed separately from the entity.

Sole Proprietorship

A business structure in which one individual owns all of the company's assets, is responsible for its debts, and reports its business income on their personal tax return.