A Sample of 25 Is Selected from a Known Population

question 25

Multiple Choice

A sample of 25 is selected from a known population of 100 elements. What is the finite population correction factor?

• A)8.66
• B)75
• C)0.87
• D)Cannot be determined

---

Definitions:

Fixed Portions

Parts of costs or expenses that do not change with the level of production or sales volume, such as rent or salaries.

Break-Even Point

The financial stage where total costs equal total revenue, making the operation neither profitable nor loss-making.

Variable Expenses

Expenses that vary directly with the level of business activity.

Fixed Expenses

Costs that do not vary with the level of production or sales, such as rent or salaries.