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i. The t distribution is positively skewed. ii. All t distributions have the same mean of zero and a standard deviation of 1.
iii. The t distribution is more spread out and flatter at the center than is the standard normal distribution. However, as the sample size increases, the t distribution curve approaches the standard normal distribution.
Economic Life
Refers to the duration over which an asset remains productive or useful for its intended purpose.
Capital Lease
A lease agreement that is considered a purchase of an asset for accounting purposes, because it transfers substantially all the risks and rewards of ownership.
Bargain Purchase Price
A price for an asset that is significantly below its fair market value.
CRA
Credit Risk Analysis, assessing the risk of default on a loan by evaluating the potential borrower's creditworthiness, or it could stand for Canada Revenue Agency, the federal agency responsible for tax laws for the Canadian government.
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