You Are Using Quota Sampling to Enroll 100 Swimmers in a Study

question 4

Multiple Choice

You are using quota sampling to enroll 100 swimmers in a study on lung capacity. You want 25% of your sample to be those who compete at 100m or less distances and 50% to be swimmers who compete at 100m-500m distances and 25% to be swimmers who compete at >500m distances. You begin enrolling for your study at 5am at the pool. By 9 AM you have all of your 100-500m swimmers enrolled, and all of your >500m swimmers enrolled. You still need four more swimmers who compete at 100m or less. You should:

• A) keep enrolling all swimmers who are interested
• B) only enroll swimmers who compete at 100m or less
• C) adjust your sample size and calculate your estimates with n=96
• D) enroll the next four swimmers to arrive and complete your sample

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Definitions:

Standard Costing

A costing method that assigns average costs to each production unit, based on estimated direct materials, labor, and overhead costs.

Variable Overhead

This consists of expenses that vary with production output, including costs not directly tied to manufacturing but essential for operation.

Labour Efficiency Variance

The difference between the actual labor hours used and the standard labor hours set for the production level achieved.

Incremental Cost Approach

A decision-making process focusing on the costs that change with the level of production or the introduction of a new process.