A Doctor Wants to Know How Well Elderly Patients Remember

question 18

Multiple Choice

A doctor wants to know how well elderly patients remember to take their medicine.The doctor measures the percentage of times during the week that patients remembered to take their medicine.For a sample of 10 patients,the mean percentage was 75,with a variance of 15.If the doctor could test his/her entire patient population,what would he/she expect the population variance to be?

• A)3.87
• B)15
• C)16.67
• D)150

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Definitions:

Income Summary

An account used during the closing process that aggregates all income and expense accounts to determine the net profit or loss.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or one operating cycle, whichever is longer.

Classified Balance Sheet

A financial statement that groups a company's assets, liabilities, and equity into categories, making it easier to assess financial health.

Retained Earnings

Accumulated net income that a company decides to keep rather than distribute to its shareholders as dividends.