College X Is Concerned About Their Employees Making Use of Their

question 38

Multiple Choice

College X is concerned about their employees making use of their email for non-business purposes. A random sample of 400 e-mails discovered 60 messages that were not business related. The 90% confidence interval for the population proportion is:

• A) 0.104 to 0.196
• B) 0.115 to 0.185
• C) 0.148 to 0.252
• D) 0.121 to 0.179
• E) 0.186 to 0.254

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Definitions:

Selling and Administrative Expense

Combined costs related to the selling of goods and the general administrative activities of a company, excluding production costs.

Direct Materials

Raw materials that are consumed in the production process and can be directly attributed to specific products.

Production Labor

The workforce involved in the manufacturing process, whose wages are considered a direct labor cost affecting the cost of goods sold.

Direct Cost

Expenses that can be directly linked to the production of specific goods or services.