It Is Known That the Population Variance $\sigma$ ²) Is 144

question 90

Multiple Choice

It is known that the population variance ( $\sigma$ ²) is 144. At 95% confidence, what size sample should be taken so that the margin of error is does not exceed 5 or less?

• A)22
• B)23
• C)24
• D)25

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Definitions:

LIFO

Last In, First Out, an inventory valuation method where the goods purchased last are the first to be sold.

Safeguarding Inventory

Measures and controls put in place to protect a company's inventory from loss, theft, or damage.

Financial Statements

Financial statements are records that outline the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.

Inventory Controls

Systems and procedures used to manage and regulate the quantity, quality, and cost of inventory.