Which of the following is not a piece of required information in order to determine sample size?
a. estimated population standard deviation
b. estimated population median
c. acceptable level of sampling error
d. desired level of confidence
e. All are necessary to determine sample size.
b. estimated population median
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When a blanket mortgage is placed upon a property and a "release schedule" is put into the mortgage showing the amount of the loan that must be paid off for each of the lots, those individual amounts would likely be proportionately larger for the first lots that are sold. The reason for this practice is:
A: To increase the security value of the remaining lots; B: To compensate for the loss of security as the lots under the blanket encumbrance are removed; C: To compensate for the loss of security due to the best lots being sold first; D: All of the above.
According to Table M7-1, it is currently profitable to produce some units of X1 and the current profit per unit of X1 is $20. What is the lowest value that this could be to allow this variable to remain in the basis?
A) 8 B) 16 C) 20 D) 30 E) None of the above