A Normally Distributed Population Has a Mean of 500 and a Standard

question 20

Multiple Choice

A normally distributed population has a mean of 500 and a standard deviation of 60. Determine the probability that a random sample of size 16 selected from this population will have a sample mean less than 475.

• A) 0.3251
• B) 0.7124
• C) 0.0475
• D) 0.0712

---

Definitions:

Product P9

A specific product or item identified as "P9," which could refer to a model or version in its respective context.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual units of production, based on a particular activity base.

Traditional Costing

A costing method that allocates overhead based on a predetermined rate, often linked to a single cost driver such as labor hours.

Direct Labor-Hours

A measure of the time workers spend on specific tasks or products in the production process, often used as a basis for applying overhead costs in job costing.