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(i. The point estimate states the range within which a population parameter probably lies.
(ii) . The measure of confidence that one has in the interval estimate is called degree of level of confidence.
(iii) For a sampling distribution of the means, 95% percent of the means would be between 1.96 standard deviations.
Working Capital
Working capital represents the disparity between an organization's current assets and current liabilities, showcasing its operational efficiency and short-term financial stability.
Account Receivable
Money owed to a company by its clients or customers for goods and services provided on credit.
Disclosure Note
Supplementary information provided in financial statements offering additional context or explanation about the figures presented, enhancing transparency.
Contingent Liability
A potential financial obligation that may arise in the future depending on the outcome of a specific event.
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