A sample is random when ________
A) members are selected based on the ease with which they can participate in the survey
B) every member of the population has an equal chance of being selected
C) members are restricted to a specific subset of the population
D) some members of the population are more likely to be selected based on specific criteria
E) some members of the population are less likely to be selected based on specific criteria
Answer: B
Explanation: B) If you need to generalize to everyone, the best alternative is to use a random sample selected broadly from all available members of the population you want to study.
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A) goodwill B) license C) franchise D) trademark
D&I Supplies, Inc selected cost data for the year are shown below
Work-in-Process Inventory, Jan. 1 $5,920 Direct Materials Used 101,000 Work-in-Process Inventory, Dec. 31 2,860 Cost of Goods Manufactured 193,100 Assuming manufacturing overhead costs of $27,800, what is the amount of direct labor incurred by D&I Supplies, Inc during the year? A) $64,300 B) $190,040 C) $61,240 D) $128,800
A machine is designed to fill toothpaste tubes, on an average, with 5.8 ounces of toothpaste. The manufacturer does not want any underfilling or overfilling. The correct hypotheses to be tested are
A. H0: ?? 5.8 Ha: ? = 5.8. B. H0: ? = 5.8 Ha: ?? 5.8. C. H0: ?> 5.8 Ha: ?? 5.8. D. H0: ?? 5.8 Ha: ?< 5.8.
Roscoe's Rock Shop deposited a check for $695, but it was recorded on their books as a check for $536. This error of $159 would be:
A) added to the bank balance. B) added to Roscoe's book balance. C) subtracted from the bank balance. D) subtracted from Roscoe's book balance.