TABLE 8-10 A University Wanted to Find Out the Percentage of Students

question 18

True/False

TABLE 8-10
A university wanted to find out the percentage of students who felt comfortable reporting cheating by their fellow students. A survey of 2,800 students was conducted and the students were asked if they felt comfortable reporting cheating by their fellow students. The results were 1,344 answered "yes" and 1,456 answered "no".
-Referring to Table 8-10, a confidence interval estimate of the population proportion would only be valid if the distribution of the number of students who feel comfortable reporting cheating by their fellow students is normal.

---

Definitions:

Cost Per Equivalent Unit

The total cost of production, both direct and indirect, divided by the number of equivalent units produced, considering the stage of completion.

Conversion Costs

Costs incurred to convert raw materials into finished products, typically comprising labor and overhead expenses.

Weighted-Average Method

An inventory costing method that averages the cost of all similar goods available during a period to determine the value of inventory.

Conversion Costs

The combined costs of direct labor and manufacturing overhead, representing the costs necessary to convert raw materials into finished goods.