When We Are Choosing a Random Sample and We Do

question 87

Multiple Choice

When we are choosing a random sample and we do not place chosen units back into the population, we are

• A) sampling with replacement.
• B) sampling without replacement.
• C) using a systematic sample.
• D) using a voluntary response sample.

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Definitions:

Predetermined Rate

A rate estimated before the start of a period, often used in budgeting and costing processes.

Direct Labour Cost

The wages or salaries paid to employees directly involved in the production of goods or services, excluding indirect labor involved in supportive functions.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual products or job orders based on a predetermined basis such as direct labor hours.

Direct Labour-Hours

The total hours of labor directly involved in the production of goods or services, often used as a basis for allocating overhead costs.