A School Is Required by the Government to Give Some

question 99

Short Answer

A school is required by the government to give some randomly chosen students a standardized test.From previous experience,the school knows about 68% of their students will receive passing scores in math and English.To improve funding,the school needs to score at least 70% on the standardized test.This year the school can decide if it wants to test 100 or 200 students.Should the school test 100 or 200 students? Explain.

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Definitions:

Production Needs

The requirements or resources necessary for the production process, including materials, labor, and machinery.

Raw Materials

Basic materials and substances that are used in the production process to create goods, ranging from metals and chemicals to grains and plastics.

Selling and Administrative Expense

Costs indirectly related to the production of goods or services, including marketing, management, and office expenses.

Budgeted Unit Sales

The projected number of units that a company expects to sell over a specific period, as included in its budget.