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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 25

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In a stratified random sample of students on a campus,sample members were asked to rate,on a scale of 1 (poor) to 5 (excellent) ,opportunities for improving the college infrastructure.The results are shown in the table below.

-An automobile company with 3500 employees needs to take a simple random sample in order to estimate the employee population's average satisfaction level on a scale of 0-100.From previous experience,it is estimated that the population standard deviation is approximately 8.0.A 95 % confidence interval for the population mean must extend 3.0 on each side of the sample mean.How many employees need to be sampled to achieve this objective?

Definitions:

Factory Overhead

All indirect costs associated with manufacturing, excluding direct materials and direct labor, like utilities and depreciation.

Selling Expenses

Costs associated with the marketing and distribution of a company's products or services, including advertising, sales personnel salaries, and commissions.

Direct Materials Cost

The expense incurred for raw materials that are consumed directly in the manufacturing process of a product.

Automobile Manufacturer

A company that produces motor vehicles, including cars, trucks, and buses, for sale on a large scale.