Which of the following is true of a contingent liability?
A) It is a potential liability that depends on a future event.
B) It is an actual liability that is difficult to estimate.
C) It is an actual liability that depends on a past event.
D) It is a liability resulting from a lawsuit settled in court.
A
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A characteristic of direct mail is _____
a. a long lead time b. a targeted audience c. low flexibility d. good editorial content
A 95% confidence interval is (54.5, 57.5) based on a sample size of 25. What is the sample standard deviation?
Two hundred simulation runs were completed using the probability of a machine breakdown from the table below. The average number of breakdowns from the simulation trials was 1.93 with a standard deviation of 0.20. No. of breakdowns per week Probability Cumulative probability 0 .10 .10 1 .25 .35 2 .36 .71 3 .22 .93 4 .07 1.00 A) 3.826 B) 19.132 C) 8.973 D) 11.646