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Direct-Labour Hours Are Not a Very Good Measure of the Cause

question 97

True/False

Direct-labour hours are not a very good measure of the cause of costs in modern, highly automated departments.


Definitions:

Qualitative Variables

Variables that express attributes or categories, such as gender, nationality, or brand preference, and cannot be quantitatively measured.

Degrees of Freedom

The tally of distinct numbers or magnitudes assignable to a statistical distribution.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or to determine the distribution's parameter.

Chi-Squared Test Statistic

A value used in chi-squared tests to evaluate how likely observed frequencies of events are to occur under a specific hypothetical distribution.

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