Examlex
Suppose, to select a sample from a population of 3000 persons, the following procedure is followed. The names of the people are written on identical, square pieces of thin cardboard measuring one inch on a side, and these pieces of cardboard are then tumbled in a clothes dryer (with the heat shut off) . After 30 minutes, a blindfolded person reaches in and withdraws a selected number of names. What can be said about this sample?
Scanlon Plan
A type of gainsharing program where employees share in financial gains through productivity improvements.
Target Ratio
A specific numerical goal used in finance and business to measure and compare the efficiency, performance, or balance of different areas of operations or financial health.
Labor Costs
The total expense incurred by employers for the salaries, wages, benefits, and other forms of compensation paid to employees.
Electrical Components
Basic elements used in electrical systems, including resistors, capacitors, transistors, and circuits, essential for the functioning of electronic devices.
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