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During the years ended June 30,2014 and 2015,Jackson University,a private university,conducted a cancer research project financed by a $1,000,000 gift from an alumnus.The entire amount was pledged by the donor on July 10,2013,although she paid only $200,000 at that date.The gift was restricted to the financing of this particular research project.During the two-year research period,Jackson's gift receipts and research expenses related to the research project were as follows for each fiscal year (FY) : FY 2014 FY 2015
Gift receipts $200,000 $800,000
Cancer research expenses $100,000 $900,000
How much contribution revenue should Jackson University report for the year ended June 30,2015?
Categorical Variables
Variables that represent types or categories, allowing for classification of individuals or items into distinct groups.
Residual Variation
The variation in a dataset that is not explained by the model being used, essentially the difference between observed and predicted values.
Two-Way ANOVA
A statistical method employed to assess the impact of two categorical independent variables on a dependent variable that is continuous.
Levels
Distinct values or categories that a qualitative variable can take, often used in the context of experimental design and analysis.
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