Instruction 7.5 According to an Article, 19% of the Entire Australian Population

question 118

Short Answer

Instruction 7.5
According to an article, 19% of the entire Australian population have high-speed access to the Internet. Random samples of size 200 are selected from the Australian population.
-Referring to Instruction 7.5,among all the random samples of size 200,90% will have more than _________ % who have high-speed access to the Internet.

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Definitions:

Manufacturing Overhead

All indirect costs associated with the production of goods, such as utilities and salaries for non-direct labor.

Direct Materials Costs

The expense associated with raw materials or components that are directly included in a manufactured product.

Predetermined Overhead Rate

A predetermined overhead rate is a rate calculated before a period begins, used to allocate overhead costs to products or services based on a specific activity base.

Direct Labor Hours

The total hours worked by employees directly involved in the manufacturing process, used for planning and costing purposes.