Data for March for Lazarus Corporation and Its Two Major

question 105

Multiple Choice

Data for March for Lazarus Corporation and its two major business segments, North and South, appear below: In addition, common fixed expenses totaled $156,000 and were allocated as follows: $84,000 to the North business segment and $72,000 to the South business segment. A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is:

• A)-$109,000
• B)$203,000
• C)$293,000
• D)$47,000

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Definitions:

Random sample

A selection made in such a manner that every subset of the population has an equal probability of being picked.

Margin of error

An expression of the amount of random sampling error in a survey's results.

Population variance

A measure of the dispersion of all data points within a population, squared from the mean of the population.

Confidence interval

A gamut of numbers, produced from sample statistics, believed to enfold the covert value of a population parameter.