Which of the following best describes the term equivalent units?
A) partially completed units expressed in terms of fully completed units
B) partially completed units of output that will be sold as is
C) substitute of units that are partially completed
D) different types of units that have same selling price
A
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Indicate whether the statement is true or false
Which of the following experiments does not generate a continuous random variable?
A) measuring the number of ounces of soda in a bottle B) recording the number of minutes a customer waits on hold for technical support C) counting the number of customers who enter a store during the business day D) recording the number of miles traveled between two locations