In Simple Random Sampling

question 31

Multiple Choice

In simple random sampling,.

• A)the members of the population do not know each other
• B)the selection of one member of the population does not affect the probability of selection of another member
• C)each member of the population must volunteer for the sample
• D)each member of the population must be informed about being selected

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Definitions:

Accounts Payable

The amount a company owes to its suppliers or creditors for goods or services received that have not yet been paid for.

Work in Process

Products that are in the middle of the production process but are not yet finished.

Material Price Variance

The difference between the actual cost of materials and the standard cost multiplied by the quantity purchased.

Labour Efficiency

The measure of the amount of work achieved by a workforce compared to the effort put in.