In gathering audit evidence, the accessibility of information may be a factor thereby influencing which judgment trigger

The Central Limit Theorem: states that the average range can be used as a proxy for the standard deviation. states that the aver

pickupchik [31]

The correct answer is - allows managers to use the normal distribution as the basis for building some control charts.

<u>Explanation:</u>

It is the theorem that allows inference from a random sample. It says that:

• The sample mean will likely be towards the population mean within a margin of error

• The margin of error is a multiple of the standard error, which is the standard deviation divided by the square root of the sample size. The multiple is determined by the degree of statistical confidence you’re looking for, and the normal deviate corresponding to that — 1.65 for 90% confidence, 1.96 for 95% confidence, etc.

4 0

3 years ago

Suppose an economy has 10,000 people who are not working but looking and available for work and 90,000 people who are working. W

Daniel [21]

<h3>In the given scenario unemployment rate is 10% </h3>

Explanation:

In the given problem,

Number of People who are working is 90,000

Number of People who are not working but looking and available is 10,000

Unemployment rate = Percentage of the total labor force that is unemployed but actively looking for employment and ready to work.

Unemployment rate = ((Unemployed people * 100) / (Total people in an economy (Working + Available for work)))

Unemployment rate = ((10000 * 100) / (90000+10000))

Unemployment rate = (1000000 / 100000)

Hence, Unemployment rate = 10%

5 0

3 years ago

Read 2 more answers

It is important to use information that is both reliable and relevant when making financial decisions. True False

melamori03 [73]

True because if you don’t have those things you won’t have a stable finance situation and if something goes wrong you will be in a pickle.

3 0

3 years ago

GDP is defined as the a. value of all goods and services produced within a country in a given period of time. b. value of all go

Anon25 [30]

Answer:

c. value of all final goods and services produced within a country in a given period of time.

Explanation:

GDP is the value of all final goods and services produced within a country in a given period of time.

GDP = Consumption + Investment + Government Spending + Net Exports

GNP is the value of all final goods and services produced by the citizens of a country, regardless of where they are living, in a given period of time.

5 0

3 years ago

Last year a country’s real GDP grew by 4%, it’s inflation rate was 2.5%, and it’s government budget deficit was about $250 billi

Arturiano [62]

Answer:

d. 3.85 trillion

Explanation:

Step 1: Given data

GDP = GDP grew by = 4% = 0.04

R = inflation rate was = 2.5% = 0.025

D = government budget deficit was = $250 billion

Step 2: Formula

X = debt at the start of last year

X = D / (GDP + R)

Step 3: Computation

X = 250 billion / (0.04 + 0.025)

X = 250,000,000,000 / 0.065

X = 3,846,153,846,153.85

Step 4: Convert to trillion

X = 3,846,153,846,153.85 / 1,000,000,000,000

X = 3.85 trillion

The correct option is d. 3.85 trillion

Hope this helps!

5 0

3 years ago