Use the Following Information for ECE Incorporated

question 35

Multiple Choice

Use the following information for ECE incorporated:

-If ECE's net profit margin is 8%,then ECE's return on equity (ROE) is:

• A)10%.
• B)12%.
• C)24%.
• D)30%.

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Definitions:

Standard Error

A measure of the statistical accuracy of an estimate, calculated as the standard deviation of the sampling distribution of a statistic.

Probability Distribution

A function that describes the likelihood of different outcomes in an experiment.

Sample Mean

The average value of all the measurements in a sample, calculated by adding all the values and dividing by the number of observations.

Probability Density Function

A function used to compute probabilities for a continuous random variable. The area under the graph of a probability density function over an interval represents probability.