If we consider the simple random sampling process as an experiment, the sample mean is
a. always zero
b. always smaller than the population mean
c. a random variable
d. exactly equal to the population mean
C
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Davie, Inc used estimated direct labor hours of 250,000 and estimated manufacturing overhead costs of $1,150,000 in establishing its predetermined overhead allocation rate for the year
Actual results showed the following: Actual manufacturing overhead $800,000 Allocated manufacturing overhead $850,000 What was the number of direct labor hours worked during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.) A) 173,913 hours B) 265,625 hours C) 250,000 hours D) 184,783 hours
Describe the three possible relationships among perceived value, price and cost, ignoring competition for the present
What will be an ideal response?