The Moving Activity Has an Expected Cost of $80,000

question 65

Multiple Choice

The moving activity has an expected cost of $80,000.Expected direct labour hours are 20,000,and the expected number of moves is 40,000.What is the best activity rate for moving?

• A)$2 per hour
• B)$2 per move
• C)$4 per hour
• D)$4 per move

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Definitions:

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean, indicating how spread out the values are.

Simple Random Sample

An evenly selected portion of a wider population, with each participant having an equal opportunity to be chosen.

Sample Size

The number of observations or data points collected in a statistical study, which impacts the study's accuracy and conclusions.

Standard Deviation

A metric assessing how much a batch of values differs or spreads out.