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The overhead rates of the traditional-based approach to product costing use
Statistical Evidence
Data or information collected and analyzed to support or refute a hypothesis, often derived from statistical tests.
Alternative Hypothesis
A statement that contradicts the null hypothesis and is tested to determine if there is significant evidence to support it.
Test Statistic
A value calculated from sample data used to make a decision on whether to reject the null hypothesis.
Null Hypothesis
A default hypothesis that there is no significant effect or difference, usually tested against an alternative hypothesis in statistical analysis.
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