The Most Significant Factor in Calculating Sample Size (N)is the Size

question 4

True/False

The most significant factor in calculating sample size (n)is the size of the population (N).For example,if you calculated that you needed a sample size of 300 in order to have an accurate sample for your hometown,it would take at least 10 times this amount,or about 3,000,in order to have an accurate sample representing the entire United States.

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Definitions:

Customizing Department

A division within a company that modifies products to meet specific requirements or preferences of customers.

Direct Labor-Hours

A measure of the time directly spent by workers on producing a product or delivering a service, often used to allocate manufacturing overhead.

Overhead Applied

The allocation of overhead costs to produced goods based on a pre-determined rate or basis such as direct labor hours or machine hours.

Assembly Department

A part of a production facility where pieces are combined to form complete products.