A normal distribution has a mean of 25% and a standard deviation of 33%. What is the 95% confidence interval around the mean, i.e., if 95% of observations can be expected to fall in this range?
Vickery, a trustee for the pension plan of Richardson Industries, has just received a commission schedule from XYZ Brokerage, a firm with which he is not currently trading. The fee schedule is lower than that charged by ABC Brokerage, the firm Vickery now uses for most transactions. ABC also provides research data and performance measurement for the pension plan, services which XYZ is not equipped to handle. Vickery is concerned that he may be violating his fiduciary duty of loyalty by not using the lowest cost brokerage firm. Which one of the following statements is true?
Which of the following factors is not an explanation of the positive relationship between market price and quantity supplied?
I). The law of diminishing returns makes it more costly for firms to expand output quickly.
II). As all firms in an industry hire more factors of production, the prices paid for them often increase.
III). For most firms, unit costs decrease as output increases in the long run.
IV). As price increases, some less efficient firms will enter the market.
Deductible temporary differences result in a deferred tax ______ when the carrying amount of a liability is _____ than its tax base.
If a security market index has a price return of 10% and income return of 2% for period 1, and a price return of 15% and income return of 3% for period 2, its total return for the 2 periods should be:
