The Bias of Is Zero If Certain Conditions Are

question 10

Multiple Choice

The bias of is zero if certain conditions are met. Identify which condition is not required.

• A)The sample is randomly selected from the population of interest.
• B)The population must be at least 100 times bigger than the sample size.
• C)The standard error of the sampling distribution is the same as the standard deviation of the population.
• D)The mean of the sampling distribution is the mean of the population from which the data were sampled.

---

Definitions:

Actual Information

Factual data or evidence that is true and accurate, without alteration or distortion.

Raw Materials Quantity Variance

The difference between the actual quantity of raw materials used in production and the estimated quantity expected to be used, measured in terms of cost.

Direct Materials Purchases Variance

This measures the difference between the actual cost of direct materials purchased and the expected (or standard) cost of those materials.

Actual Results

The real outcomes or data achieved, as opposed to forecasts or projections.