Suppose You Are Reading Statistics About a Particular College

question 104

Multiple Choice

Suppose you are reading statistics about a particular college. This college reports that about 30-40% of the student body has been treated for depression. Generalizing from statistics reported in the text, you would know that the students at this college are about ____ as likely to suffer from depression as are students nationwide.

• A) half
• B) equally
• C) twice
• D) four times

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Definitions:

Cash Payments Journal

An accounting journal used to record all cash payments made by a company, including expenses and debtor payments.

Control Account Balance

Refers to the total balance in a general ledger account that summarizes the balances of subsidiary ledger accounts.

Subsidiary Ledger

A ledger containing the details to support a summary line item in the General Ledger, such as accounts receivable or accounts payable.

General Ledger

A comprehensive set of accounts that records all financial transactions of a business and is used to prepare financial statements.