Jonathan Wynn Has Developed a Budget That He Follows Each

question 54

Multiple Choice

Jonathan Wynn has developed a budget that he follows each month.Jonathan has an envelope for each type of expenditure.After he cashes his paycheck,he puts the amount of cash in each envelope that he plans to spend on that category each month.What type of budget has Jonathan created?

• A)mental budget
• B)physical budget
• C)written budget
• D)computerized budget
• E)none of the answers

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Definitions:

Confidence Limit

The range within which a population parameter is estimated to lie with a certain confidence level.

Population Variances

The measure of the spread of a population's data points from their mean.

Sample Variances

The measure of variability that quantifies the spread of data points in a sample dataset around the mean.

Population Variances

The measure of how data points in an entire population are spread out, calculated as the average of the squared differences from the mean.