The College Student Journal (December 1992)investigated Differences in Traditional and Nontraditional

question 61

Multiple Choice

The College Student Journal (December 1992) investigated differences in traditional and nontraditional students,where nontraditional students are defined as 25 years or older and working.Based on the study results,we can assume the population mean and standard deviation for the GPA of nontraditional students is µ = 3.5 and $\sigma$ = 0.5.Suppose a random sample of 100 nontraditional students is selected and each student's GPA is calculated.Find the interval that contains 95.44% of the sample means for nontraditional students.

• A)[3.45 3.55]
• B)[2.50 4.50]
• C)[3.35 3.65]
• D)[3.40 3.60]

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Definitions:

Direct Labor-Hours

The total hours worked by employees directly involved in the production process, often used as a basis for allocating costs to products.

Machine-Hours

A measure of production time, reflecting the total hours that machinery is operational during a specific period.

Multiple Overhead Rate

The use of more than one overhead rate to allocate a company's indirect costs more accurately than a single overhead rate.

Plantwide Overhead Rate

A single overhead absorption rate used throughout an entire plant or factory, applied uniformly to all cost objects.