ANSWERS TO QUESTIONS!
Which of the following is NOT a common criticism of the IMF?
Provides excessively lenient repayment terms to poor countries
Inappropriate policies
Moral hazard
Lack of accountability
1 points
Question 5
Empirical research has demonst
PRACTICE TEST
QUESTION 1
Match the term to the correct definition.
Performance
Substantial performance
Strict performance
Defense
Promissory estoppel
Quasi-contract
Promissory estoppel
Unconscionability
Undue influence
Specific performance
A.
simply means
1
PRACTICE TEST
A sample selected in such a manner that each possible sample of a given size has an equal chance
of being selected is called a _.
A
picked random sample
B
estimated simple sample
C
simple random sample
D
random simple sample
E
simple rando
PRACTICE TEST ANSWERS
1.
The _ is a more effective method for counting the number of ways binomial events can occur.
1_
A.
chaotic distribution
B.
abstract disintegration
C.
uneventful infiltration
D.
hopeful evacuation
E.
counting rule for combinations
2
1
PRACTICE TEST ANSWERS
A sample selected in such a manner that each possible sample of a given size has an equal chance
of being selected is called a _.
A
picked random sample
B
estimated simple sample
C
simple random sample
D
random simple sample
E
simp
1.
2.
A(n) _ is a collection of experimental outcomes.
A.
file
B.
key
C.
thing
D.
sample space
E.
event
1_
A(n) _ is a process that produces a single outcome whose result cannot be predicted with certainty.
A.
attempt
B.
trial
C.
effort
D.
experiment
E.
e
Formulas:
Sampling Error of the Sample Mean:
Sampling Error=x
Population Mean:
=
x
N
Sample Mean:
x =
x
n
For any population, The Standard Deviation of the possible sample means:
x =
n
Z-Value for Sampling Distribution of X-bar:
z=
x
n
For Questions 15
1. What is the relationship between ethics and the law?
Ethics is a set of standards, or a code, or value system, worked out from human reason and
experience, by which free human actions are determined as ultimately right
orw r o n g , g o o d o r e v i l
PRE-POST TEST
1
2
A sales manager has five salespeople. The following data show the number of units sold by the five
during the past week: 5, 13, 6, 2, 4. The mean number of units sold was _.
A
4 units
B
5 units
C
5.5 units
D
6 units
salespeople
Referring
1.
The _ is a numerical measure of the center of a set of quantitative data computed by dividing 1_
the sum of the values by the number of items (or values) in the data set.
A.
middle
B.
outlier
C.
mode
D.
median
E.
mean
2.
The _ is the center value that
For questions 13 through 18 use the following information and Steps:
Magic Assembly uses a component imported from Central America which is very expensive. Because of the price, Magic
is not allowed to keep the component in inventory. Transportation sched
1.
The _ is a more effective method for counting the number of ways binomial events can occur.
A.
chaotic distribution
B.
abstract disintegration
C.
uneventful infiltration
D.
hopeful evacuation
E.
counting rule for combinations
1_
2.
A _ takes on differe