A simple random sample of 28 observations was taken from a large population. The sample mean equaled 50 . Fifty is a _____
a. population parameter
b. point estimator
c. sample parameter
d. point estimate
d
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The goal of positioning is to ________
A) locate the brand in the minds of consumers to maximize the potential benefit to the firm B) discover the different needs and groups existing in the marketplace C) target those customers marketers can satisfy in a superior way D) collect information about competitors that will directly influence the firms' strategy E) help the firm anticipate what the actions of its competitors will be
Answer the following statements true (T) or false (F)
1. The equivalent units of production for direct materials and conversion costs must be the same. 2. In a process costing system, equivalent units must be calculated separately for materials and conversion costs. 3. Conversion costs include the costs of purchasing and converting raw materials into finished products. 4. In a production cost report, the number of units to account for must always be greater than the number of units accounted for. 5. A production cost report shows only the calculations for the physical flow of products.
Assume that a company takes 5,000 hours to produce 10,000 units of a product. What is the cycle time?
A) 0.5 units per hour B) 1 hour C) 0.75 hour D) 2 hours E) 0.5 hour
What are the rules that help ensure the quality of information?
A. Information integrity B. Business-critical integrity constraints C. Integrity constraints D. Relational integrity constraints