Instruction 8-19 A University Wanted to Find Out the Percentage of Students

question 142

True/False

Instruction 8-19
A university wanted to find out the percentage of students who felt comfortable reporting cheating by their fellow students. A surveyed of 2,800 students was conducted and the students were asked if they felt comfortable reporting cheating by their fellow students. The results were 1,344 answered "YES" and 1,456 answered "NO".
-Referring to Instruction 8-19,a confidence interval estimate of the population proportion would only be valid if the distribution of the number of students who feel comfortable reporting cheating by their fellow students is normal.

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Definitions:

Variable Overhead Efficiency Variance

Variable overhead efficiency variance is a metric used to measure the difference between the expected (standard) and actual use of variable overhead resources in production.

Standard Machine-Hours

A predetermined measure of how much machine time is expected for a task, used in cost accounting.

Variable Overhead Rate Variance

The difference between the actual variable overhead rate incurred and the standard rate, multiplied by the actual activity level.

Standard Cost

The predetermined cost of manufacturing a single unit or a number of units during a specific period under normal conditions.