From a Population of Size 600, a Simple Random Sample

question 44

Multiple Choice

From a population of size 600, a simple random sample of size 60 is selected. The sample mean is 400, and the sample standard deviation is 50. The population total is

• A) 3,944
• B) 16,000
• C) 240,000
• D) 24,000

---

Definitions:

Special Journals

Accounting books used to categorize and record specific types of transactions such as sales, purchases, cash receipts, and cash disbursements, streamlining the accounting process.

Record and Post

The process of recording transactions in the journals and subsequently posting them to the ledger accounts.

Special Journals

Accounting journals designed for the repeated recording of specific types of transactions, such as sales or purchases, to streamline the accounting process.

Cash

A form of liquid asset that represents the currency that a business or individual can immediately access and use for transactions.