Lorraine, Estelle, and Frances Own a Business Jointly and Share

question 190

Essay

Lorraine, Estelle, and Frances own a business jointly and share profits and losses in the same proportion as their investments. How much of a profit of $14 500 will each receive if their investments are $14 000, $16 000, and $15 000 respectively?

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Definitions:

Test-retest Reliability

Test-retest reliability is a measure of the consistency of a psychological test or assessment when administered to the same individuals at two different points in time.

Alternate Forms Reliability

A measure of reliability that assesses the consistency of the results of two tests that are constructed in the same way from the same content domain.

Pearson Product-movement

A statistical technique, commonly referred to as Pearson's correlation coefficient, measuring the linear correlation between two sets of data.

Correlation Coefficient

A numerical measure that indicates the strength and direction of a linear relationship between two continuous variables.