A Random Sample of 20 Companies Who Announced Corrections to Their

question 181

Multiple Choice

A random sample of 20 companies who announced corrections to their balance sheets took a mean time of 8.9 days for the time between balance sheet construction and the complete audit. The standard deviation of these times was 1.3 days. Assume that these times are normally distributed.
-How much evidence do we have that the time is longer than 7.5 days?

• A)No evidence
• B)Some evidence
• C)Strong evidence
• D)Very strong evidence
• E)Extremely strong evidence

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Definitions:

Charismatic Leaders

Individuals who inspire and motivate followers through their personal vision, magnetism, and the strength of their personality, often inducing intense loyalty and devotion.

Charismatic Leadership

A leadership style characterized by an individual's ability to inspire and motivate followers through personal vision and energy.

Trait Approach

A theory of leadership focusing on the identification of specific qualities or characteristics that differentiate leaders from non-leaders.

Seminal Work

A work that has great significance or influence in a particular field.