Rodger, Dodger, and Codger Own a Business in the Ratio

question 265

Multiple Choice

Rodger, Dodger, and Codger own a business in the ratio of 12: 7: 9. The value of the business is $560,000. If Codger sells his share to Dodger, what will be the new ownership ratio in the form Rodger: Dodger?

• A) 4: 3
• B) 21: 7
• C) 3: 1
• D) 4: 5
• E) 3: 4

Comprehend the substantial evidence test in administrative law.

Grasp the necessity for administrative agencies to comply with certain acts and constitutional provisions.

Define and differentiate between major and minor rules within administrative rulemaking.

Explain the selection process of Administrative Law Judges (ALJs).

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Definitions:

Test Statistic F

A ratio of variances used in the context of an F-test in statistics to compare the dispersions of two populations.

ANOVA Table

A structured display that sums up the sources of variability in a dataset, used primarily in analysis of variance to discern significant differences between means.

Sum of Squares

The total of the squared differences between data points and their mean, reflecting the total variation within a data set.

Error Sum of Squares

A measure of the discrepancy between the data and an estimation model, quantifying the amount of variation in the data that is not explained by the model.