Use the Following Information to Answer the Question

question 60

Short Answer

Use the following information to answer the question. In 2007, the average number of hours spent online at home for U. S. adults with internet access was 8.9 hours with a standard deviation of 0.4 hours. The U. S average was determined by collecting cluster data from thirty randomly selected states. Assume the distribution of time spent online at home is approximately unimodal and symmetric.
-What is the range of time spent online at home for 95% of adults with internet access? Round to the nearest tenth.

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Definitions:

Actual Overhead Costs

The real expenses incurred for indirect materials, labor, and other costs that are not directly tied to the production of goods or services.

Predetermined Overhead Rate

The predetermined overhead rate is calculated by dividing estimated total overhead costs by an estimated allocation base, used to allocate overhead to products or job orders.

Direct Labour-Hours

A measure of the labor time worked directly on specific jobs or products.

Work in Process

Inventory that represents partially completed goods which are still in the production process.