A Sample of Size 25 Is Selected at Random from a Finite

question 144

Multiple Choice

A sample of size 25 is selected at random from a finite population.If the finite population correction factor is 0.80,then the population size is:

• A)121
• B)96
• C)75
• D)100

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Definitions:

Asset Account

A type of account that shows the value of all assets a company has, including tangible and intangible items.

Double-Entry System

A fundamental principle of accounting that requires every financial transaction to be recorded in at least two accounts: one debit and one credit, ensuring the accounting equation is always balanced.

T Account

A visual representation used in accounting to depict the debit and credit sides of an account for easy visualization and analysis.

T Account

A visual representation used in accounting to show the effect of transactions on the balance of accounts, featuring a T-shaped format.