If a Sample of Size 120 Is Selected,the Value of a for the Probability

question 77

Multiple Choice

If a sample of size 120 is selected,the value of A for the probability P(-A ≤ t ≤A) = 0.98 is:

• A)1.960
• B)2.576
• C)1.282
• D)2.326

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Definitions:

Physical Inventory

Physical inventory entails a manual count of all the tangible goods or merchandise kept in a business's possession for the purpose of verifying records and ensuring accuracy in financial statements and records.

Balance Sheet

A financial report that offers a brief overview of a corporation's financial status at a certain moment, detailing the assets, liabilities, and shareholders' equity.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, net income, and earnings per share.

Inventory Count

A physical verification of the quantities and condition of items in a company's inventory, used to ensure accuracy of accounting records.