As a Rule of Thumb,the Sampling Distribution of the Sample $\ge$

question 4

Multiple Choice

As a rule of thumb,the sampling distribution of the sample proportions can be approximated by a normal probability distribution whenever

• A)np \(\ge\) 5
• B)n(1 - p) \(\ge\) 5 and n \(\ge\) 30
• C)n \(\ge\) 30 and (1 - p)= 0.5
• D)None of these alternatives is correct.

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Definitions:

Overhead Assigned

The allocation of indirect costs to specific jobs or production activities based on a predetermined formula or method.

Traditional Costing

An accounting method that applies indirect costs to products based on a predetermined overhead rate, typically simpler than activity-based costing.

Activity-Based Costing

A costing methodology that assigns the costs of resources to products or services based on activities and processes involved in their production.

Traditional Costing Method

A cost accounting method that assigns overhead costs to products based on a predetermined overhead rate.