The Accuracy of a Labor Standard Is to Be Within

question 30

Multiple Choice

The accuracy of a labor standard is to be within ± 5%,and the confidence level is 95%.The standard deviation of the sample is 2 and the mean is 8.What sample size should be used?

• A)8
• B)10
• C)96
• D)127
• E)68

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Definitions:

Negotiable Document

A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, that can be transferred to another holder.

Nonnegotiable Document

A document that cannot be transferred or assigned to another party in a way that confers the original holder's rights to the recipient.

Origin Contract

An agreement made between parties in the country of exportation, dictating the terms of the exchange of goods or services.

Risk Of Loss

The possibility that an asset or investment's value will decrease due to changes in market conditions or other factors.