At Any Time,the Remaining Appropriating Authority Available to the Fund

question 71

Multiple Choice

At any time,the remaining appropriating authority available to the fund managers is equal to:

• A)Appropriations minus Expenditures
• B)Appropriations minus (Encumbrances + Expenditures)
• C)Appropriations minus (Encumbrances - Expenditures)
• D)Appropriations minus Encumbrances

---

Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values in a data set are.

Normal Distribution

A continuous probability distribution that is symmetrical around the mean, showing that data close to the mean are more frequent in occurrence than data far from the mean.

T Statistic

The t statistic is a value used in statistical analysis to determine the significance of the difference between two sample means, relative to the sample variability.

Preliminary Analysis

An initial examination of data to check for possible errors, understand basic trends and assumptions, and determine the most appropriate statistical tests.