Which Statement Regarding Sample Size Is Most Accurate

question 23

Multiple Choice

Which statement regarding sample size is most accurate?

• A) Studies with smaller sample sizes have more accurate results.
• B) Studies with smaller sample sizes are more likely to be representative of the target population.
• C) Studies with larger sample sizes have more accurate results.
• D) Studies with larger sample sizes are more likely to be representative of the target population.

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Definitions:

Predetermined Overhead Rate

An estimated charge per unit of activity used to allocate manufacturing overhead costs to products or job orders, based on a set formula.

Machine Hours

A unit of measure representing the operational time of a machine, used in allocating costs based on how long machines are used in the production process.

Overhead

The indirect costs or expenses related to the operation of a business that are not directly tied to a specific product or service.

Job Order Cost Accounting

A method of accounting that accumulates costs for each job or project separately, often used in manufacturing or service industries.