A data sample is a set of data collected and/or selected from a statistical population by a defined procedure, in statistics and quantitative research methodology. the elements of a sample are known as sample points, sampling units or observations. Cluster sample is a simple random sample of groups, or clusters, of the population often based on geography. In this case, this is a type of cluster sample.
Answer:
The predetermined overhead rate for the recently completed year was $25.33
Explanation:
The formula to compute the predetermined overhead rate is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
where,
Total estimated manufacturing overhead = Estimated total fixed manufacturing overhead + estimated variable manufacturing overhead rate × estimated labor hours
= $1,230,440 + $3.12 × 55,400 hours
= $1,230,440 + $172,848
= $1,403,288
Now put these values to the above formula
So, the rate would equal to
= $1,403,288 ÷ 55,400 hours
= $25.33
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Answer:
option (B) 912 ± 42.6
Explanation:
Data provided in the question:
Standard deviation = 64 square feet
Sample size, n = 15
Mean = 912
Confidence level = 99%
Now,
Confidence interval = Mean ± z[s ÷ √n]
here,
z = 2.58 for 99% confidence level
Thus,
Confidence interval = 912 ± 2.58[64 ÷ √15]
or
Confidence interval = 912 ± 2.58[64 ÷ √15]
or
Confidence interval = 912 ± [ 2.58 × 16.525 ]
or
Confidence interval = 912 ± 42.63
= 912 ± 42.6
Hence,
The answer is option (B) 912 ± 42.6
Answer:
A common market
Explanation:
A common market has no barriers to trade among member countries, includes a common external trade policy, and allows factors of production to move freely among members.
A monetary union has all the features of a common market and participating countries have a common currency.
I hope my answer helps you.
