At June 30,20X9,total assets for the various funds of a local municipality were as follows:
Applying GASB 34 criteria,which of the above are major funds for reporting purposes?
Definitions:
Point Estimate
A single value or statistic calculated from a sample and used to estimate a corresponding population parameter.
Population Means
Refers to the average of all the individual values in a population.
T Distribution
A type of probability distribution that is symmetric and bell-shaped, commonly used for estimating population parameters when the sample size is small and the population variance is unknown.
Standard Deviations
A statistic that quantifies the dispersion or variability of a distribution, measuring how spread out the numbers are from the mean.
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