​The Percentage of Data Values That Must Be Within One

question 107

Multiple Choice

​The percentage of data values that must be within one, two, and three standard deviations of the mean for data having a bell-shaped distribution can be determined using

• A) ​Chebyshev's theorem.
• B) The empirical rule.
• C) ​A five-number summary.
• D) ​Percentiles.

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Definitions:

Variable Overhead

Costs of indirect production materials or services that fluctuate with the level of production activity, such as utilities for a factory.

Direct Labor-hours

The amount of labor time spent by workers directly involved in the manufacturing process, restated as "The quantity of labor time directly utilized in producing goods."

Variable Overhead Efficiency Variance

The difference between the actual variable overhead based on the standard cost and the variable overhead applied to production based on actual activity levels.

Direct Labor-hours

The total hours of labor directly involved in the production of goods or services.