A Recent Performance Report from Baker's Chocolate Factory Revealed That

question 68

Multiple Choice

A recent Performance Report from Baker's Chocolate Factory revealed that there were budgeted revenues in October,2012,of $2,000,000;and,the actual revenues were $2,110,000.Is the difference favorable or unfavorable?

• A)$1.05;favorable
• B)$1.05;unfavorable
• C)$110,000 favorable
• D)$110,000 unfavorable
• E)$4,110,000;favorable

---

Definitions:

Region of Residence

A demographic variable denoting the geographical area in which an individual lives.

Analysis of Variance

A collection of statistical models and their associated procedures which compare means by partitioning variance into components attributable to various sources of variability.

Group Means

The average values obtained from different groups in a study, often used in research to compare and contrast groups.

Procedure

A set procedure or method followed in a scientific study or test to achieve certain objectives or results.