The Best Example of an Effective Payroll Transaction File Record

question 74

Multiple Choice

The best example of an effective payroll transaction file record count would most likely be

• A)sum of net pay.
• B)total number of employees.
• C)sum of FICA.
• D)total of employees' social security numbers.

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Definitions:

Sample Size

The number of observations or data points collected from a population for the purpose of statistical analysis.

Confidence Interval

A span of numbers, obtained from sampled data, that probably includes the value of an unseen population measure within a specified confidence level.

Population Parameter

A characteristic or measure that describes an aspect of an entire population, such as its mean, variance, or standard deviation.

Confidence Interval

A confidence interval is a range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, expressed with a certain level of confidence.