A professor asks a class of 100 students to spend the weekend sampling the heights of adults. After each student samples 30 adults, the student is then asked to calculate the mean of his or her sample. As the professor collects the individual sample results from each student, which of the options below is the MOST likely to be observed?

• A.As more samples are collected, the average of the sample means decreases but will not converge to the true population mean.
• B.As more samples are collected, the average of the sample means increases but will not converge to the true population mean.
• C.As more samples are collected, the sample means will converge to the true population mean.
• D.As more samples are collected, the sample means may vary but the average of the sample means will converge to the true population mean.

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On a balance sheet, assets are arranged in the order of:

• A.Materiality
• B.Profitability
• C.Liquidity
• D.Stability

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The owner of a t-shirt store on a beach sells 200 shirts per month in the summer for a price of $15.00. During the winter months, the owner reduces the price to $9.00 and sells 100
shirts per month. The store must be leased in one-year increments at $400 per month in rent. The cost of labor, materials, and utilities are an additional $600 a month. Should the store remain open during the winter months?

• A.Yes, the store should remain open during the winter months.
• B.Yes, the store should remain open but should lower prices to $6.00 during the winter months.
• C.No, the store should shut down during the winter months.
• D.No, the store should shut down completely.

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