If the Population Standard Deviation Is Guesstimated,and It Turned Out

question 79

Short Answer

If the population standard deviation is guesstimated,and it turned out to be larger than you assumed,then the sample size you calculated is ____________________ than it needs to be.

---

Definitions:

Indirect Labor

The wages paid to employees who are not directly involved in the production of goods, such as supervisors and maintenance workers.

Product Cost

The total expense incurred in creating a product, including raw materials, labor, and overhead costs.

Period Cost

Expenses that are incurred to support business operations during a particular period, but are not directly tied to the production of goods or services.

Direct Cost

Expenses that can be directly traced to the production of specific goods or services, like raw materials or labor.