answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Zarrin [17]
1 year ago
14

Which of the following statements is true of sampling error? Group of answer choices It occurs when a sample somehow does not re

present the target population. It occurs when the selected sample is an imperfect representation of the overall population. It occurs when there is a measured difference between the information desired and the information provided. It occurs when the sample drawn from a population differs from the target population
Business
1 answer:
ludmilkaskok [199]1 year ago
8 0

Sampling error occurs when a sample somehow does not represent the target population.

Answer:

Statement  (A) is true

<u>Explanation:</u>

Sample means a small group selected from a large group.The large group from which a sample is selected is called the population.Basically a sample is selected to draw conclusions regarding population because it is not possible to study the entire sample.But if sample sample does not represent the target population then our conclusions will not be accurate.This will give rise to sampling errors.

If occurs when sample is biased.So we need to be very careful while selecting a sample.It must represent the entire population not just a part of population.

Sampling error can be reduced by increasing the size of population,dividing population in groups,select appropriate population.

Sampling error occur when population is not correct as per our requirement,or when sample is selected randomly.It may also occur when sample selected does not respond ,at that time it becomes difficult to draw conclusions regarding population.

You might be interested in
Relevant interventions do not need acceptance or ownership from organization members
Bezzdna [24]
The answer would be False 
7 0
1 year ago
A production facility is trying to determine the best batch size for an item that is produced intermittently. This item has an a
Alinara [238K]

Answer:

The best batch size for this item is 400 units.

Explanation:

As given Annual demand (D)=1000 units, Carrying cost (H)=$10 per unit, set up cost (S)=$400.

As per the production order model formula will be:

\sqrt{2}D*S/H[1-d/p]} .

d for week=1000/50

                 =20. p per day

                 =40 units/7 days.

                 =5.71

d per day = 20/7

                =2.85

Therefore on applying all these:\sqrt{}2*1000*400/10[1-2.85/5.7.

on solving this we will get 400 Units

Therefore, The best batch size for this item is 400 units.

7 0
1 year ago
During the current year, Brewer Company acquired all of the outstanding common stock of miller Inc. paying $12,000,000 cash. The
Lesechka [4]

Answer:

See the explanation below:

Explanation:

The merged details are first sorted as follows:

Details                                        Book Value ($)            Fair Value ($)

Accounts receivable                     1,800,000                   1,625,000

Inventories                                     2,700,000                  4,000,000

Property Plant and Equipment     9,000,000                 11,625,000

Accounts payable                          3,000,000                 3,000,000

Bonds payable                               4,500,000                  4,125,000

The calculation will now be done using the fair value as follows:

Total fair value of assets = $1,625,000 + 4,000,000 + 11,625,000 = $17,250,000

Total fair value of liabilities = $3,000,000 + 4,125,000 = $7,125,000

Fair Value of Miller Inc. Equity = $17,250,000 - $7,125,000 = $10,125,000

Goodwill from the acquisition = $12,000,000 - $10,125,000 = $1,875,000

The journal entries will look as follows:

<u>Details                                          Dr ($)                      Cr ($)          </u>

Goodwill                                   1,875,000

Miller Inc. Equity acquired      10,125,000

Cash                                                                         12,000,000

<u>To record the acquisition Miller Inc.                                                 </u>

7 0
1 year ago
Members of the buying center at Kid's World, a store for children's clothing, are drawing up a list of desired supplier attribut
expeople1 [14]

Answer:

C) supplier selection

Explanation:

The five stages of the business buying decision process are:

  1. Awareness and recognition: someone at the company identifies the need for a purchase.
  2. Specification and research: a detailed specification about what product is needed, quantity and technical requirements is elaborated. Using this information you start to search for potential vendors or suppliers that can offer the product.
  3. Request for proposals: vendors are contacted and you request them to send you their proposals regarding the products that you are looking for.
  4. Evaluation of proposals: the buying team must evaluate the proposals received form the potential vendors and select the most appropriate one.
  5. Order and review process: Price ans selling terms are negotiated, he order is placed and finally the products received are controlled to check that they meet the specifications.
4 0
1 year ago
Lori recently quit her job and decided to start her own company, which will sell makeup to small beauty salons. What should she
dedylja [7]

Lori has already decided she wants to sell beauty products and market them to small beauty salons. She now needs to decide how she wants to price her product so that the beauty salons will buy it. Option B. decide how to price her product is the next step that Lori should take. After she decided the price, she will have the what, where and how much and then she can move on to how she will advertise her product to the small beauty stores.

5 0
1 year ago
Read 2 more answers
Other questions:
  • Johanna, a photographer, is commissioned to do a photo shoot for a fashion designer’s new collection. Johanna is creating . Once
    14·2 answers
  • Burton currently has $850,000 of long-term debt outstanding, 5,000 shares of preferred stock ($10 par) with a market price of $1
    13·2 answers
  • Carey, a single taxpayer, purchased a rental house in 2018, which he actively manages. During 2018, Carey had a loss of $14,000
    8·1 answer
  • When Samantha, manager at ABC International, seeks and receives information from both web and industry journals, she is acting a
    5·1 answer
  • Suppose the following two events occur at the same time: the Chicago Cubs win the World Series, and the workers who make Cubs me
    12·1 answer
  • Juanita has a part-time job that pays 12 hour and works about 50 hours every month her withholding are social security 6.2 %medi
    7·1 answer
  • Which of the following situations is an example of country risk? Group of answer choices Alpha Corp., a rice manufacturer based
    8·1 answer
  • UA Hamburger Hamlet (UAHH) places a daily order for its high-volume items (hamburger patties, buns, milk, and so on). UAHH count
    13·1 answer
  • Let M be the number of units to make and B be the number of units to buy. If it costs $2 to make a unit and $3 to buy a unit and
    5·1 answer
  • Watts Corporation made a very large arithmetical error in the preparation of its year-end point in the calculation of financial
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!