TABLE 8-8 the President of a University Would Like to Estimate the Estimate

question 36

True/False

TABLE 8-8
The president of a university would like to estimate the proportion of the student population that owns a personal computer.In a sample of 500 students,417 own a personal computer.
-True or False: Referring to Table 8-8,it is possible that the 99% confidence interval calculated from the data will not contain the proportion of the student population who own a personal computer.

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Definitions:

Activity-based Costing

A costing method that identifies the activities that a firm performs and then assigns indirect costs to products based on each product's use of those activities.

Activity Cost Pools

Groupings of individual costs related to a particular activity, used in activity-based costing to allocate costs more accurately.

Direct Labor-hours

The overall hours that workers, who are a part of the manufacturing operations, put in.

Activity-based Costing

A costing method that allocates overhead costs to products based on the activities required to produce those products.