An entrepreneur starts a new business by opening a bank account in the name of this business and making a capital contribution of $10,000 from a personal savings account. This action would impact the accounting equation by increasing assets and:

• A.Increasing owner's equity
• B.Increasing liabilities
• C.Decreasing liabilities
• D.Decreasingowner's equity

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For a standard normal distribution (=0, =1), the area under the curve to the left of 0.37 is 0.6443. What is the probability of getting a value less than -0.37 or greater than 0.37?

• A.28.86%
• B.64.43%
• C.35.57%
• D.71.14%

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The only bakery in a small town has introduced a new type of cookie and is not sure what demand for the cookie looks like. How could the bakery determine the marginal revenue earned by each additional cookie produced?

• A.Increase advertising to raise demand and sell more cookies
• B.Conduct a focus group to determine how sensitive customers are to price changes
• C.Ask customers to fill out a survey about how a change in price would affect their purchasing decisions
• D.Decrease the price by small increments and observe the corresponding changes in quantity sold and revenue

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After some recent problems regarding the anti-lock brake systems in its cars, a major automobile company decides to take a random sample of 50 cars from its manufacturing plant. To make things easier, management decides to conduct the sampling from all cars produced on a particular day. Which of the options below represents the BEST way to take this sample?

• A.Create a focus group of managers from the plant to determine which cars should be selected for the sample.
• B.Test the first 50 cars manufactured that day to eliminate any bias in the selection process.
• C.Assign a random number to each car manufactured that day.Then identify the first 50 numbers in ascending order, and select the cars corresponding to those numbers.
• D.Have the plant manager select 50 cars, because the manager will be most informed about the manufacturing process.

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A student suspects that this January has been much colder than in years past. The student decides to test this belief by looking at the daily mean temperatures for that month. The historical mean daily temperature for January was 29(O)F. The student's data show that the average daily mean temperature for this January was 27(O)F. Based on the student's theory and the information above, what is the correct alternative hypothesis?

• A.HA. u<29
• B.H u>29
• C.HA. u<27
• D.HA. u>27

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