Students Were Sampled to Determine Their Support for the Legalization

question 47

Multiple Choice

Students were sampled to determine their support for the legalization of gambling in their community. A sample of 150 students were asked whether or not they supported legalization of gambling,and the following results were obtained. The number of degrees of freedom associated with this scenario is ________.

• A)149
• B)2
• C)150

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been charged against a fixed asset since it was put into use.

Predetermined Overhead Rate

A rate calculated before a period begins, based on the estimated cost of manufacturing overhead and an allocation base, used to assign overhead costs to products.

Direct Labour-hours

The total time spent by workers who are directly involved in the manufacturing or assembly of a company’s products.

Cost of Goods Sold

The total cost directly attributed to the production of goods that were sold, including materials, labor, and overhead.