Exhibit 11-1 the Results of a Recent Poll on the Preference of Preference

question 2

Multiple Choice

Exhibit 11-1
The results of a recent poll on the preference of shoppers regarding two products are shown below.

-Refer to Exhibit 11-1. The point estimate for the difference between the two population proportions in favor of this product is

• A)52
• B)100
• C)0.44
• D)0.02

---

Definitions:

Direct Labor-hours

The total hours of labor directly involved in manufacturing a product or providing a service, typically used as a basis for allocating overhead costs.

Manufacturing Overhead

All indirect costs associated with manufacturing, like utility costs for the factory, depreciation of manufacturing equipment, and factory management salaries.

Fixed Manufacturing Overhead

Costs in the manufacturing process that do not change with production volume, such as rent for the factory, salaries of permanent staff, and insurance.

Direct Labor-hours

The total hours worked directly on goods or services by employees, used to allocate labor costs to products or jobs.