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Professors of accountancy are in high demand at American universities.A random sample of 28 new accounting professors found the average salary was $135 thousand with a standard deviation of $16 thousand.Assume the distribution is normally distributed.Construct a 95% confidence interval for the salary of new accounting professors.Answers are in thousands of dollars.
Financial Statements
Documents that provide an overview of a company's financial condition, including its income statement, balance sheet, and cash flow statement.
Risks and Benefits
The potential negative outcomes (risks) and positive outcomes (benefits) associated with a particular action or decision.
Lessor
The owner of a property who leases it to another party, known as the lessee.
Sales-type Lease
A lease agreement where the lessor transfers ownership of the asset to the lessee by the end of the lease term, often used in the financing of equipment.
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