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2 years ago

A statistical study is one that _____.

Business

1 answer:

labwork [276]2 years ago

8 0

Answer:

The correct option is (A).

Explanation:

A statistical study is a process of making inferences about the population using the sample data.

In a statistical study the researcher first conducts an experiment and compute certain sample statistic. Then uses these sample statistics to derive conclusions about the population.

If the sample size is large enough then the sample statistics can be used to estimate the population parameter values.

Or using these sample statistic the researcher can apply a hypothesis test to determine whether the claim made about the population as a whole is true or not.

Thus, the correct option is (A).

You might be interested in

Journalize the entries to record the following summarized operations related to production for a company using a job order cost

MaRussiya [10]

Answer:

Raw Materials 176,000 debit

Account Payable 176,000 credit

Factory Overehad 2,700 debit

WIP 153,700 debit

Raw Materials 156,400 credit

Factory Overehad 12,000 debit

WIP 141,300 debit

Wages Payable 153,300 credit

Factory Overhead 37,000 debit

acc dep- equipment 37,000 credit

Factory Overhead 6,100 debit

prepaid 6,100 credit

Factory Overhead 76,000 debit

account payable 76,000 credit

WIP 105,300 debit

Factory Overhead 105,300 credit

Finished Goods 415,300 debit

WIP 415,300 credit

Account receivables 638,000 debit

Sales Revenue 638,000 credit

COGS 412,000 debit

Finished Goods 412,000 credit

Explanation:

Much of these are self-explanatory

Notes:

The direct materials and labor applied to produciton orders go into WIP

he applied overhead goes into WIP too.

Then, for other manufacturing cost we post into the debit side of manufacturing overhead. This way; we can later define the subapplication or overapplication of manufacturing overhead.

The finished goods are debited and WIP credited to represent the transfer to finished goods.

The finished good which are sold will be recognize as COGS

5 0

2 years ago

The management of Elamin Corporation is considering the purchase of a machine that would cost $365,695 and would have a useful l

sergey [27]

Answer:

Internal Rate of Return (IRR) 9,00%

Explanation:

We use excel or a spreadsheet to calculate this ratio. See document attached.

We use a cash flow to solve this problem.

At moment 0 we have the investment cost , in this case $365,695. From period 1 to period 9, we have incomes o benefits of $61,000. Then, we calculate the Net cash flow that is the difference between benefits and cost.

We use all the result (positive and negative) in Net cash flow to get the IRR.

Download xlsx

5 0

2 years ago

PLEASE ANSWER SOON WILL GIVE BRAINLIEST

oksian1 [2.3K]

The answer to that is gonna be answer B

8 0

2 years ago

Nikolai knows that what his boss has asked him to do is not in the best interest of the company. He also knows that if he does n

Karo-lina-s [1.5K]

Answer:

The correct answer is letter "D": if all else fails, slow the spread of bad practice.

Explanation:

Evidence-based management is a critically thought-provoking approach to decision making. This practice has the following principles: treat your organization as an unfinished prototype; no brag, just facts; see yourself and your organization as outsiders do; evidence‐based management is not just for senior executives; like everything else, you still need to sell evidenced‐based management; if all else fails, slow the spread of bad practices; and questioning what happens when people fail?

In front of a problematic situation, the "if all else fails, slow the spread of bad practices" is used when the consequence of an action is likely to be negative, but usually represents an order in the relationship of a principal-agent. The agent then carries out the necessary procedure as slowly as possible to prevent an unexpected reaction.

5 0

2 years ago

A company manufactures components for use in producing one of its finished products. when 12,000 units are produced, the full co

Temka [501]

Cost of Making the product is as below, We shall exclude the amount of $3 per unit of fixed cost as it is not a relevant cost

Cost of Manufacturing Cost of Buying Difference

Direct Materials $5

Direct Labour $15

Variable Overheads $10

Fixed Overheads $2

Total Manufacturing Cost $32

Total Purchase Cost $37

Total Cost (12000 Units) 384000 444000 60000

Rent Income (40000) (40000)

Total Difference 20000

Thus as can be observed above the company incurs an extra cost of $20000 if it purchases the component from a third party. Thus its advisable if the company produces the component in its own premises.

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2 years ago