The Standard Deviation of the Sampling Distribution Of $\bar { X }$

question 98

Multiple Choice

The standard deviation of the sampling distribution of $\bar { X }$ is also called the:

• A) central limit theorem.
• B) population standard deviation.
• C) finite population correction factor.
• D) standard error of the sample mean.

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Definitions:

Product Cost

The total cost involved in making a product, including direct labor, direct materials, and manufacturing overhead.

Plantwide Factory Overhead Rate

A single overhead absorption rate used throughout an entire plant or factory, calculated by dividing total overhead costs by a common base like labor hours or machine hours.

Budgeted Units

The quantity of products or services that an organization plans to produce or offer in a specific period based on its budget.

Plantwide Overhead Rate

A single overhead rate computed by dividing total factory overhead by a base, applied throughout an entire manufacturing plant.