The Central Limit Theorem says that if a number of probability distributions are summed:
A) The standard deviation of the sum equals the sum of the standard deviations.
B) The variance of the sum equals the sum of the variances.
C) The standard deviation of the sum is greater than the sum of the standard deviations.
D) The variance of the sum is less than the sum of the variances.
B
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The principle advantage of the completed-contract method in accounting for longterm construction contracts is that reported income is based on final results rather than on estimates of unperformed work.
a. true b. false
Under the Revised Uniform Partnership Act, which of the following statements, if any, are correct regarding the effect of the assignment of an interest in a general partnership? The assignee is personally responsible for the assigning partner's share of past and future partnership debts. The assignee is entitled to the assigning partner's interest in partnership profits and surplus on dissolution of the partnership.
A. I only. B. II only. C. Both I and II. D. Neither I nor II.