The Professor of a Business Statistics Class Wanted to Find

question 173

True/False

The professor of a business statistics class wanted to find out the mean amount of time per week her students spent studying for the class.She divided the fifty students on her roster into ten groups starting from the first student on the roster.The first student was randomly selected from the first group.Then every tenth student was selected from the remaining students.This is an example of a cluster sample.

---

Definitions:

Protective Covenants

Clauses in a loan agreement that limit certain actions of the borrower to protect the lender, ensuring the borrower's ability to repay the debt.

Indenture

Written agreement between the corporation and the lender detailing the terms of the debt issue.

Loan Term

The duration of time over which a loan agreement is in effect, dictating the repayment schedule.

Floating-Rate Bond

A bond whose interest payments fluctuate with the market interest rates, rather than being fixed.