Which Would Be Credible Supporting Detail for a Forecasted Net

question 26

Multiple Choice

Which would be credible supporting detail for a forecasted net income?

• A)Net income is based on management's goals.
• B)Net income is based on a "booming" economy.
• C)Net income is based on competitive pricing and industry averages for profit margins.
• D)Net income is generated based on a higher profit margin than most other competitors.

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Definitions:

Dependent Samples

Pairs of samples where the members of one sample are related or matched to the members of the other sample, often used in before-and-after studies.

Dependent-Samples T Test

A method in statistics for comparing the average differences between two related or matched groups to determine if the differences are not due to random chance.

Regression

A statistical method used to determine the relationship and predict outcomes between dependent and independent variables.

Analysis of Variance

A statistical method used to compare the means of three or more samples, testing the hypothesis that despite variations, all group means are equal.