The Accuracy of a Labor Standard Is to Be Within

question 30

Multiple Choice

The accuracy of a labor standard is to be within ± 5%,and the confidence level is 95%.The standard deviation of the sample is 2 and the mean is 8.What sample size should be used?

• A)8
• B)10
• C)96
• D)127
• E)68

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Definitions:

Moving Expense

refers to costs incurred for relocating for work purposes, such as transportation and storage of household goods, which under certain conditions, may be deductible.

Lodging

Accommodation provided in a temporary living situation, often associated with hotels, motels, and other temporary housing.

Student Loan Interest

Interest paid on a borrowed loan for education, which may be deductible from taxable income under certain conditions.

Income Associated

Revenue that is directly tied to specific activities or sources, such as employment, investments, or business operations.