As a general rule in computing the standard error of the sample mean, the finite population correction factor is used only if the:
a. sample size is smaller than 5% of the population size.
b. sample size is greater than 5% of the sample size.
c. sample size is more than half of the population size.
d. None of these choices.
B
Business
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United Construction Company, which manufactures residential buildings, would most likely use a process costing system
Indicate whether the statement is true or false.
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