A Random Sample of 95 Printers Discovered That 25 of Them

question 12

Multiple Choice

A random sample of 95 printers discovered that 25 of them were being used in small businesses. Find the 99% limit for the population proportion of printers that are used in small businesses.

• A) 0.042 < p < 0.485
• B) 0.147 < p < 0.380
• C) 0.158 < p < 0.368
• D) 0.224 < p < 0.302

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Definitions:

Process Cost System

An accounting method used to track production costs for large numbers of identical units that are mass-produced in a continuous fashion.

Completed Job

A project or task that has been finished and meets all criteria or specifications that were established at its inception.

Partially Completed Units

Items in production that have not yet been fully completed or processed through all stages of the manufacturing or production cycle.

Process Cost Accounting

An accounting methodology used to allocate costs to units of production in processes involving continuous mass production of similar products.