Choose the Statement That Best Describes What Is Meant When

question 54

Multiple Choice

Choose the statement that best describes what is meant when we say that the sample mean is unbiased when estimating the population mean.

• A)The sample mean will always equal the population mean.
• B)The standard deviation of the sampling distribution (also called the standard error) and the population standard deviation are equal.
• C)On average, the sample mean is the same as the population mean.
• D)We cannot say that the sample mean is unbiased.

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Definitions:

Mechanized Work

Work processes that are performed using machinery and equipment to enhance efficiency and productivity.

Plantwide Overhead Rate

A single overhead rate calculated by dividing total factory overhead by the total base units used by all products, applied throughout the entire manufacturing plant.

Overhead Allocation Base

A measure or factor used to distribute overhead costs to products or services, such as machine hours or labor costs.

Machine Hours

A metric used in manufacturing to allocate costs based on the number of hours a machine is operated.