Use Mathematical Induction to Prove the Given Statement for All $$\sum _ { i = 1 } ^ { n } 2 = 2 n$$

question 163

Short Answer

Use mathematical induction to prove the given statement for all positive integers n.
- $$\sum _ { i = 1 } ^ { n } 2 = 2 n$$

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Definitions:

Predetermined Overhead Rate

A rate calculated by dividing estimated overhead costs by an allocation base, used to apply overhead to products or services.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected (or standard) quantity, measured in financial terms.

Direct Materials

These are the raw materials that are directly incorporated into a finished product.

Standard Cost Card

A document that lists the standard costs associated with producing a single unit of a product, including materials, labor, and overhead.