Answer:
The mean is 0.54 and the standard deviation is 0.0135.
Step-by-step explanation:
i) the mean of the sampling distribution is 0.54
ii) the mean for the sampling distribution, p = 0.54
iii) therefore for the sampling distribution, q = ( 1 - 0.54) = 0.46
iv) the sample size of the distribution, n = 1356
v)
Answer: <em><u>C. the base period amount.</u></em>
<u><em>Explanation: </em></u>While implementing a horizontal analysis on a given income statement, we compute a percentage change in any individual item by dividing the dollar amount of change from base to current time period with <u><em>the base period amount.</em></u>
i.e. % Change in Individual item =
<u><em>Therefore, the correct option in this case is (c)</em></u>