Consider That We Have Nominal Data (Responses Are Categorical)and the Responses

question 2

Multiple Choice

Consider that we have nominal data (responses are categorical) and the responses are "Yes" or "No" to the question: "The next time you order pizza,will you use Domino's?" Which of the following sets of responses shows the MOST variability?

• A)90 percent say "Yes" and 10 percent say "No"
• B)80 percent say "Yes" and 20 percent say "No"
• C)70 percent say "Yes" and 30 percent say "No"
• D)60 percent say "Yes" and 40 percent say "No"
• E)55 percent say "Yes" and 45 percent say "No"

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Definitions:

Labour Efficiency Variance

Labour efficiency variance is the difference between the actual labor hours used and the standard labor hours expected for the output level achieved, reflecting labor efficiency.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead incurred and the expected (or budgeted) variable overhead based on efficient usage of resources.

Material Price Variance

The difference between the actual cost of materials purchased and the expected (or standard) cost, indicating how efficiently materials are being purchased.

Material Usage Variance

The difference between the actual amount of materials used in production and the standard amount expected, valued at the standard cost.