For a Normal Population with µ = 40 and σ

question 39

Multiple Choice

For a normal population with µ = 40 and σ = 10 which of the following samples is least likely to be obtained?​

• A)​M = 42 for a sample of n = 4
• B)​M = 44 for a sample of n = 4
• C)​M = 42 for a sample of n = 100
• D)​M = 44 for a sample of n = 100

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Definitions:

Absorption Costing

An accounting method that includes all direct costs and an allocated portion of fixed and variable overhead costs in the cost of a product.

Cost-plus Pricing

Setting the price of a product by adding a markup to its variable costs to ensure a margin of profit.

Return on Investment

A financial ratio used to calculate the profitability of an investment, representing the percentage return on the invested amount.

Markup

The difference between the cost of a product or service and its selling price, expressed as a percentage over the cost.