Sampling error is evident when:
a. a question is poorly worded and results in bias
b. the sample is too small
c. the sample is not random
d. the sample mean differs from the population mean
d
You might also like to view...
Price reductions from rebates are given to consumers at the point of sale
Indicate whether the statement is true or false
The state of Illinois has passed a law requiring that every automobile be inspected at least once a year for pollution control. Anfang Enterprises is considering entering into this type of business. After extensive studies, Joseph Anfang has developed the following set of projected annual data on which to make his decision: Direct service labor $363,000.00 Variable service overhead costs
270,000.00 Fixed service overhead costs 280,000.00 Marketing expenses 120,000.00 General and administrative expenses 170,000.00 Minimum profit 90,000.00 Cost of assets employed 500,000.00 Anfang believes that his company will inspect 100,000 automobiles per year. The company earns an average of 18.75 percent return on its assets. The price to be charged for inspecting each automobile using the gross margin pricing method would be calculated as follows: a. ($1,203,000.00 ÷ 100,000) + [($1,203,000.00 ÷ 100,000) ? ($90,000 ÷ $1,203,000.00)] b. ($1,203,000.00 ÷ 100,000) + [($500,000 ÷ 100,000) ? 0.1875] c. ($913,000.00 ÷ 100,000) + {($913,000.00 ÷ 100,000) ? [($90,000 + $290,000) ÷ $913,000.00]} d. None of these
Shelf facings are defined as:
A. the physical placement of the product within the retail store. B. the number of individual point-of-purchase displays placed within a retail store. C. the number of individual products placed beside each other on the retailer's shelf. D. the number of individual products placed beside each on the shelf. E. the actual potential inventory size of a retail outlet.
The ______ are part of the finished products, and the amount of usage can be tracked on a per-unit basis.
A. indirect materials B. direct materials C. centralized material purchases D. decentralized material purchases