A Cost Driver Is a Factor,such as Machine-Hours,beds Occupied,computer Time,or

question 11

True/False

A cost driver is a factor,such as machine-hours,beds occupied,computer time,or flight-hours,that causes direct costs.

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Definitions:

Two Categories

Descriptive of data or entities that can be divided into two distinct groups.

Chi-squared Goodness-of-fit

A statistical test used to determine if observed data matches the expected distribution of a given hypothesis.

Chi-squared Tests

Statistical tests used to determine if there is a significant difference between observed frequencies and the frequencies expected under a specific hypothesis.

Nominal Data

Categorical data that cannot be logically ordered or ranked.