A Researcher Used a Procedure to Select a Sample of N

question 4

Multiple Choice

A researcher used a procedure to select a sample of n objects from a population in such a way that each member of the population is chosen strictly by chance,is equally likely to be chosen,and every possible sample of size n has the same chance of selection.The procedure used by the researcher is known as:

• A)descriptive statistics.
• B)inferential statistics.
• C)simple random sampling.
• D)None of the above

---

Definitions:

Activity Cost Pool

A grouping of all costs related to a specific activity or process in a company, used in activity-based costing.

Activity-Based Costing

A costing method that assigns costs to products based on the activities that go into making them, providing a more detailed measure of costs.

Overhead Applied

A calculation that allocates a portion of estimated overhead costs to individual units of production based on a predetermined formula.

Overhead Applied

The portion of overhead costs assigned to a specific job or department based on a predetermined rate or method.