A Manufacturer of Batteries Routinely Tests Its Products to Determine

question 90

Multiple Choice

A manufacturer of batteries routinely tests its products to determine lifetime (hours of continuous usage) .Suppose they select a sample of 30 AAA batteries and find that the average lifetime is 1500 hours.This is a ________________________ .

• A)parameter
• B)statistic
• C)sampling frame
• D)sample
• E)population

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Definitions:

Petty Cash Account

A modest sum of money maintained readily available for covering various minor outlays instantly.

Establishing

The process of setting up or founding something, such as a new business, system, or set of rules.

Replenishing

The act of refilling or restocking to maintain an adequate level of supplies or inventory.

Voucher System

A control mechanism in accounting that uses vouchers as evidence for transactions before they are posted to accounts, enhancing financial accuracy and integrity.