Group a Consists of 90 Members,60 of Whom Perform "Good

question 67

Multiple Choice

Group A consists of 90 members,60 of whom perform "good acts" and 30 of whom perform "bad" acts.Group B consists of 900 members,600 of whom perform "good acts" and 30 of whom perform "bad acts." Participants given this information will MOST likely evaluate group _____ more negatively,perhaps as a result of humans' relative insensitivity to _____.

• A)A;probabilities
• B)A;frequencies
• C)B;probabilities
• D)B;frequencies

---

Definitions:

Income Statement

A financial statement that shows the revenue and expenses of a firm, allowing you to calculate the profit or loss produced in a specific period of time.

GAAP

Generally Accepted Accounting Principles; a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements.

Accounting Standards

Formal guidelines and principles designed to improve the transparency and consistency of financial reporting and accounting practices.

Financial Statements

Financial statements are formal records of an entity's financial activities and position, including the balance sheet, income statement, and cash flow statement.