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Keisker Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,190 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for November:
Data used in budgeting:
Actual results for November:
-The activity variance for administrative expenses in November would be closest to:
Rule of Five
A statistical rule of thumb asserting that if a sample size is large enough (n>30), the sample means will be normally distributed.
Chi-squared Goodness-of-fit Test
A statistical test used to determine how well an observed distribution fits an expected distribution across different categories.
Cable Company
A cable company is a type of telecommunications company that delivers television programming and sometimes internet services to consumers via coaxial or fiber-optic cables.
Instructions
Directives or commands that are followed to achieve a particular end, often detailed steps on how to complete a task or operate something.
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