Assume the Same Facts as in Question 142

question 86

Multiple Choice

Assume the same facts as in question 142. What is the frequent flyer program liability that ALA should report in its December 31, 2009 balance sheet?

• A)$31 million
• B)$40 million
• C)$45 million
• D)$49 million This is the beginning liability of $28 million minus awards redeemed of $19 million + new awards accrued of $40 million = $49 million.

Recognize and apply the appropriate statistical test for different types of data and research questions.

Determine sample size and its influence on statistical inference.

Critically evaluate the validity of statistical conclusions based on sample data.

Estimate population parameters from sample statistics.