According to the Central Limit Theorem, If a Sample of Size

question 53

Multiple Choice

According to the central limit theorem, if a sample of size 64 is drawn from a population with a standard deviation of 80, the standard deviation of sample means would equal _______.

• A)10.000
• B)1.250
• C)0.125
• D)0.800
• E)0.080

Analyze and report variances to appropriate stakeholders for further action.

Recognize the importance of standards in setting manufacturing costs.

Comprehend the process of adjusting journal entries based on significant variances.

Understand the conceptual framework behind the standard costing system and its application in a manufacturing environment.