How Tall Is Your Average Statistics Classmate? to Determine This,you

question 28

Multiple Choice

How tall is your average statistics classmate? To determine this,you measure the height of a random sample of 15 of your 100 fellow students,finding a mean height of 166.6 cm and a standard deviation of 5.64 cm.Have the conditions and assumptions for inference been met?

• A)No,the sample wasn't random.
• B)Yes,all conditions and assumptions have been met.
• C)No,the sample is more than 10% of the population.
• D)No,the population is not likely to be Normal.
• E)No,the sample is not representative.

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Definitions:

Impairment

A decrease in the recoverable value of an asset below its carrying amount, leading to a reduction in its recorded value on financial statements.

Investment in Grub

Specific reference to an investment made in a company known as "Grub", treated according to the investor's accounting method for such investments.

Goodwill

An intangible asset representing the excess of the purchase price over the fair market value of an acquired company's net assets, attributed to factors like reputation.

IASB Requirements

The mandatory guidelines and standards set by the International Accounting Standards Board for financial reporting and accounting practices worldwide.