Answer the following statement(s) true (T) or false (F)
1. If you randomly select five subjects from a population, you are sampling.
2. Increasing sample size will guarantee a more representative sample of the population.
3. A good sample will perfectly reflect the population.
4. The sample mean estimates the population mean.
5. If possible, it is always preferable to measure a parameter instead of a statistic.
1.true
2.false
3.false
4.true
5.true
You might also like to view...
In a process-costing system, goods are relatively homogeneous and different cost flow assumptions are allowable
Indicate whether the statement is true or false
Supplies can be classified as two kinds: heterogenous supplies and homogeneous supplies
Indicate whether the statement is true or false
Bella, Inc. manufactures two kinds of bags—totes and satchels. The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estimated overhead costs for the year are $25,250. Additional estimated information is given below.
Calculate the predetermined overhead allocation rate. (Round your answer to two decimal places.)
A) 101.00%
B) 50.15%
C) 100.40%
D) 1.51%
Which of the following is NOT a form of direct marketing?
A) mass marketing B) catalogs C) direct mail D) telemarketing E) m-commerce