A Frequency Distribution of a Large Number of Random Sample

question 21

Multiple Choice

A frequency distribution of a large number of random sample means which have been Drawn from the same population is called:

• A)the standard error of measurement.
• B)the sampling error.
• C)the sampling distribution of means.
• D)the standard error of the means.

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Definitions:

Correcting Entry

An entry made in the accounting records to correct an error found in previously recorded transactions.

Accounts Payable

Liabilities owed by a business to its suppliers or vendors for goods or services received that have not yet been paid for.

Service Revenue

Income earned by a company for the provision of services, distinguished from revenue generated from the sale of goods.

Adjusting Entries

Records made in the journal at the period's end to correctly allocate income and expenditure to the period of their occurrence.