What Type of Users Need Aggregate Cost Information About Products

question 45

Multiple Choice

What type of users need aggregate cost information about products or services?

• A)managers
• B)external users
• C)factory supervisors
• D)internal users

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Definitions:

Standard Deviation

Standard Deviation is a statistic that measures the dispersion of a dataset relative to its mean, indicating how spread out the data points are.

Probability

A measure of the likelihood or chance that a particular event will occur, expressed as a number between 0 and 1.

Sample Mean

The average of all observations or data points in a sample, used as an estimate of the population mean.

Population Mean

The average of all observations or values in a total population, representing the central value around which the figures in the population distribute.