In Which of the Following Sampling Methods Would the Hypergeometric

question 146

Multiple Choice

In which of the following sampling methods would the hypergeometric probability distribution be used instead of the binomial distribution?

• A) when sampling is performed with replacement from a finite population
• B) when sampling is performed without replacement from a finite population
• C) when sampling is performed without replacement from an infinite population
• D) when sampling is performed with replacement from an infinite population

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Definitions:

Manufacturing Overhead Cost

Indirect costs related to manufacturing that are not directly tied to a specific product, such as factory maintenance and utilities.

Normal Costing System

An accounting system that assigns costs to products based on the normal levels of materials, labor, and overhead.

Inventory Accounts

Accounts used to track the cost of goods a company has in stock during an accounting period, including raw materials, work in progress, and finished goods.

Actual Overhead Costs

The real costs that a company incurs for its indirect materials, indirect labor, and other overhead expenses.