According to the Central Limit Theorem, If a Sample of Size

question 97

Multiple Choice

According to the central limit theorem, if a sample of size 100 is drawn from a population with a standard deviation of 80, the standard deviation of sample means would equal _______.

• A)0.80
• B)8
• C)80
• D)800
• E)0.080

---

Definitions:

Activity-Based Costing Rates

Rates determined by dividing specific overhead costs by the cost drivers associated with those costs, enabling more accurate product cost assessments.

Cost Drivers

Factors that cause the cost of an activity or operation to change.

Unit-Level Drivers

Factors that directly cause the cost of a specific activity, usually proportional to the volume of units produced or serviced.

Multiple Departmental Rate

A method used in cost accounting whereby different overhead rates are applied to respective departments within a company, reflecting their varying costs.