The Chancellor of a Major University Was Concerned About Alcohol

question 189

Multiple Choice

The chancellor of a major university was concerned about alcohol abuse on her campus and wanted to find out the proportion of students at her university who visited campus bars on the
Weekend before the final exam week. Her assistant took a random sample of 250 students. The
Answer on "whether you visited campus bars on the weekend before the final exam week" from
Students in the sample is an example of __________.

• A) a categorical variable.
• B) a discrete variable.
• C) a continuous variable.
• D) a table of random numbers.

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Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, entitling holders to vote on corporate matters and receive dividends.

Initial Value Method

An accounting approach where investments are reported at their acquisition cost without subsequent adjustment for changes in market value.

Goodwill

An intangible asset on a company's balance sheet that arises when a company acquires another for a price higher than the fair value of its net tangible assets.

Retained Earnings

The portion of net income that is not distributed as dividends to shareholders, but rather reinvested in the business or kept as reserve.