Grohs Kennel Uses Tenant-Days as Its Measure of Activity; an Animal

question 193

Multiple Choice

Grohs Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During December, the kennel budgeted for 2,500 tenant-days, but its actual level of activity was 2,530 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: The net operating income in the planning budget for December would be closest to:

• A) $8,150
• B) $11,914
• C) $8,483
• D) $11,633

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Definitions:

Familywise Error

The odds of incurring one or more false alarms, or type I errors, in the process of multiple hypothesis testing.

Fewer Comparisons

A methodological approach in research that aims to reduce the risk of Type I errors by limiting the number of hypotheses tests or comparisons.

Tukey Test

A statistical test used to compare the means of three or more groups to find which pairs of groups differ significantly.