Sarah Owns a Hair Styling Salon

question 75

True/False

Sarah owns a hair styling salon.She needs to update her shop with new customer chairs and work stations.If the Fed were to lower interest rates by 1.5 percentage points,at the same time that the government increased the tax rate by 1.5%,she could immediately determine that updating her shop would not increase or decrease her financial position.
FALSE

---

Definitions:

Independent

Referring to variables in a statistical model that are not influenced by other variables in the model, suggesting no association between them.

Random Variable

A variable capturing the numerical consequences of randomness in events.

Weekly Income

The total amount of money earned or received as compensation over the course of a week.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation indicates that the values are close to the mean, while a high standard deviation indicates greater spread.