A Descriptive Measure That Is Computed from a Population Is

question 41

Multiple Choice

A descriptive measure that is computed from a population is called a:

• A)sample.
• B)statistic.
• C)population.
• D)parameter.

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Definitions:

Factory Overhead

All indirect costs associated with manufacturing, apart from direct materials and direct labor costs.

Product Cost

The total cost associated with producing goods, including direct materials, direct labor, and manufacturing overhead.

Engine Oil

A lubricant used in internal combustion engines to reduce wear, protect against corrosion, and keep the engine clean.

Manufacturer

A company or person that makes goods for sale, especially on a large scale involving complex processes.