Use the information below to answer the following question(s) .
Farm Fresh Dairy provided the following expense information for May:
-What is the total cost of research and development at Farm Fresh Dairy?
Definitions:
Value
The importance, worth, or usefulness of something or a numerical quantity assigned to a variable.
Type II Error
The error made in statistical testing when a false null hypothesis is not rejected.
Null Hypothesis
A default hypothesis that there is no significant difference or relationship between specified populations or phenomena, used as a starting point for statistical testing.
Incorrect Decision
A decision based on data analysis or hypothesis testing that incorrectly accepts the null hypothesis or wrongly rejects it, leading to a Type I or Type II error.
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