A trial generates only two results, "success" and "failure." The probability of success is higher than that of failure. The variance of the number of failures in 20 trials equals 2.35. The probability of success on a given trial equals ________.

• A.0.136
• B.0.864
• C.0.452

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Which statement is false?

• A.Public equity markets are much larger than the private equity markets.
• B.Public equity securities are more liquid than private equity securities.
• C.Public equity funds are more likely to challenge the way the businesses are run and improve operations of these businesses.

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Information regarding the defined-benefit pension plan of Tri Cities Transport included the following for 2003 ($ in millions):
Service cost: 48. Interest cost: 32.Actual and expected return on plan assets: 26. Amortization of unrecognized net gain: 3. Amortization of unrecognized prior service cost: 5. Retiree benefits paid (end of year): 50.
What is Tri Cities' pension expense for 2003?

• A.$56 million.
• B.$62 million.
• C.$98 million.

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Which set of circumstances is most likely to result in a narrow confidence interval?

• A.small n and a degree of confidence of .95.
• B.large n and a degree of confidence of .95.
• C.large n and a degree of confidence of .99.

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To determine the plan assets and plan liabilities, an analyst should refer to the:

• A.Balance sheet.
• B.Footnotes.
• C.Statement of stockholders' equity.

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