The Rule of Five Requires That The

question 40

Multiple Choice

The rule of five requires that the:

• A)observed frequency for each cell must be at least 5.
• B)degrees of freedom for the test must be at least 5.
• C)expected frequency for each cell must be at least 5.
• D)difference between the observed and expected frequency for each cell must be at least 5.

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Definitions:

Activity Measure

An allocation base in an activity-based costing system; ideally, a measure of the amount of activity that drives the costs in an activity cost pool.

Patient-visits

A measure used in healthcare to quantify the number of visits or interactions patients have with healthcare providers.

Customers Served

The number or segment of clients who receive services or purchase products from a business within a given time frame.

Revenue

The total amount of money received by a company for goods sold or services provided during a specific period.