Which Sampling Distribution Will Typically Have the Smallest Standard Error

question 16

Multiple Choice

Which sampling distribution will typically have the smallest standard error?

• A) a sampling distribution based on samples from a population with a variance of 5
• B) a sampling distribution based on samples from a population with a variance of 25
• C) a sampling distribution based on samples from a population with a variance of 90
• D) a sampling distribution based on samples from a population with a variance of 100

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Definitions:

Direct Materials

The raw materials that can be directly traced to the production of a specific product.

Direct Labor

The wages and other costs for labor that is directly involved in the production of goods or services.

Fixed Overhead

Regular, unchanging costs that a business incurs, regardless of the level of production or sales activity, such as rent and salaries.

Direct Labor

The work of employees that can be directly attributed to the production of goods or services.