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Fountain Corp.has a selling price of $15 per unit and variable costs of $10 per unit.When 14,000 units are sold,profits equaled $45,000.What is the margin of safety?
Null Hypothesis
A statement in statistics that proposes there is no significant difference or effect, and any observed difference is due to sampling or experimental error.
Hypothesis Testing
A statistical method used to determine whether there is enough evidence in a sample of data to infer that a certain condition holds for the entire population.
Null Hypothesis
A hypothesis in statistical analysis that suggests no significant effect or relationship between variables, serving as the default position until evidence suggests otherwise.
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