TABLE 1-1 The Manager of the Customer Service Division of a Major

question 8

Multiple Choice

TABLE 1-1
The manager of the customer service division of a major consumer electronics company is interested in determining whether the customers who have purchased a DVD player made by the company over the past 12 months are satisfied with their products.
-Referring to Table 1-1, the possible responses to the question "What brand of DVD player did you purchase?" are values from a

• A) discrete numerical random variable.
• B) continuous numerical random variable.
• C) categorical random variable.
• D) parameter.

---

Definitions:

GAAP

Generally Accepted Accounting Principles, which are a set of rules and standards designed to improve the clarity, consistency, and comparability of financial reporting across industries.

Insider Trading

The illegal practice of trading a company's stock or other securities by individuals with access to non-public, material information about the company.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide how financial statements are prepared and presented globally.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States.