Examlex
The distribution of T-values in the Wilcoxon Matched-Pairs Signed Rank test is approximately normal if the sample size (number of matched pairs) exceeds 25.
Explicit Cost
The monetary payment made by a firm to an outsider to obtain a resource.
Accounting Profits
The net earnings of a company calculated according to generally accepted accounting principles, taking into account all explicit costs but not implicit costs.
Implicit Cost
Costs that represent the loss of potential gain from using assets in an alternative option rather than in their current use.
Implicit Costs
The opportunity costs of resources that are owned by the firm and used in production, not involving direct payment of money but affecting the firm's profitability.
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