Focus Groups of 13 People Are Randomly Selected to Discuss

question 76

Multiple Choice

Focus groups of 13 people are randomly selected to discuss products of the Yummy Company. It is determined that the mean number (per group) who recognize the Yummy brand name is 10.1, and the standard deviation is 0.55. Would it be unusual to randomly select 13 people and find that fewer than 7 recognize the Yummy brand name?

• A) Yes
• B) No

---

Definitions:

Machine-Hours

A measure of the amount of time machines are running in the production process, used as a basis for allocating overhead costs.

Manufacturing Overhead

All indirect costs related to the production process, such as maintenance, utilities, and quality control, not directly traceable to a product.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products, calculated before the production process begins based on estimated costs and activity levels.

Job-Order Costing

An accounting method used to assign costs to specific products or jobs, typically utilized in custom or specialized production.