A Survey of Property Owners' Opinions About a Street-Widening Project

question 121

Multiple Choice

A survey of property owners' opinions about a street-widening project was taken to determine if owners' opinions were related to the distance between their home and the street. A randomly selected sample of 100 property owners was contacted and the results are shown next. What is the expected frequency for people who are in favor of the project and have less than 45 feet of property foot-frontage?

• A)10
• B)12
• C)35
• D)50

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Definitions:

Materials Price Variance

The difference between the actual cost of materials and the expected cost at standard prices.

Variable Overhead

Refers to the costs of production that fluctuate with the level of output, such as utilities and materials, that do not have a fixed price associated with production levels.

Direct Labor-hours

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

Variable Manufacturing Overhead

Costs that vary with production output levels, such as utilities for the production facility, which are not directly tied to specific units of production.