Which of the Following Sampling Methods Would Be Used to Estimate

question 143

Multiple Choice

Which of the following sampling methods would be used to estimate a numerical measurement of a population, such as a dollar value?

• A) Discovery sampling.
• B) Numerical sampling.
• C) Sampling for attributes.
• D) Sampling for variables.

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Definitions:

Contribution Margin

The difference between sales revenue and variable costs, showing how much revenue contributes to covering fixed costs.

Fixed Budget

A budget that remains constant regardless of changes in the level of activity or volume, typically used for planning purposes.

Variable Costs

Outlays that fluctuate according to the amount of production or volume of sales.

Flexible Budget Performance Report

A report comparing actual operating results to a budget that adjusts with changes in the volume of activity.