Parametric Techniques Work Best When the Sample Is ______ and Randomized

question 26

Multiple Choice

Parametric techniques work best when the sample is ______ and randomized and the population from which the sample is taken is __________.

• A)small;normally distributed
• B)small;skewed
• C)large;normally distributed
• D)large;skewed

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Definitions:

Revenue Ledger

A division of the general ledger where all income transactions of a business are recorded, including sales, interest, and dividends.

Subsidiary Ledger

A detailed ledger that provides a breakdown of information summarized in the general ledger, often for accounts like Accounts Receivable or Accounts Payable.

Sales Returns And Allowances

A reduction in sales revenue resulting from customers returning goods or receiving discounts for faulty or unsatisfactory products.

Sales Tax Payable

An account responsible for tracking the sales tax gathered from buyers, due to be paid to the authorities.