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In stratified sampling, the stratification variables are usually metric (continuous) in nature.
According to GAAP
As per Generally Accepted Accounting Principles, which are a set of accounting standards and procedures used in the United States.
Financial Accounting Reports
Formal documents that communicate an organization's financial performance and position to external stakeholders, including income statements and balance sheets.
GAAP
Generally Accepted Accounting Principles; a set of rules and standards for financial reporting used in the United States.
Prime Costs
The combined total of direct labor and direct materials cost incurred in the manufacturing of products.
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