When Sampling Without Replacement, the Appropriate Probability Distribution Is

question 97

Multiple Choice

When sampling without replacement, the appropriate probability distribution is:

• A) a binomial distribution
• B) a hypergeometric distribution
• C) a Poisson distribution
• D) all of these

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Definitions:

Period Costs

Costs that are not directly tied to the production process and are expensed within the period they are incurred, such as selling, general, and administrative expenses.

Allocation Base

A measure or quantity used as a basis for distributing costs among various cost objects, such as products or departments.

Cost Driver

A cost driver is a factor that causes or influences the cost of certain activities, products, or services, varying in direct proportion to the level of activity or volume.

Cost Object

A cost object is any item for which costs are separately measured and tracked, such as products, projects, or departments.