In a Preliminary Work Sample of an Operation,out of 50

question 32

Essay

In a preliminary work sample of an operation,out of 50 observations the operator was observed idle in 5 observations.What sample size is required for a work sampling study if the desired confidence level is 99% and the desired accuracy level is ± 5%?

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Definitions:

Static Budgets

A budget that is created for a single level of activity and does not change in response to variations in business activity levels.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels within a business.

Total Budgeted Cost

The aggregate estimated costs of various aspects for a project or a business operation for a specific period.

Controllable Items

Items or costs in business that can be directly managed or influenced by decisions made by the company or its managers.