The Vice Chancellor of a Major University Was Concerned About

question 90

Multiple Choice

The Vice Chancellor of a major university was concerned about alcohol abuse on her campus and wanted to find out the proportion of students at her university who visited the campus bar on the weekend before the final exam period.Her advisor took a random sample of 250 students and computed the portion of students in the sample who visited the campus bar on the weekend before the final exam.The portion of all students at her university who visited the campus bar on the weekend before the final exam period is an example of

• A) a categorical random variable.
• B) a discrete random variable.
• C) a continuous random variable.
• D) a parameter.

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Definitions:

Cost of Sales

Direct costs attributable to the production of the goods sold by a company, including material and labor costs.

Inventories

The complete list of items such as property, goods in stock, or the contents of a building.

Accounts Payable

The amounts due by a company to its suppliers or creditors for goods and services received but not yet paid for.

Net Cash Inflow

The difference between the cash received and cash expended in a given period, resulting in an increase in cash holdings.