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The Process of Using Activity-Based Costing Information to Manage a Business's

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Essay

The process of using activity-based costing information to manage a business's activities,and thus its costs,is called activity-based management.How do managers use the information provided by an activity-based costing system?


Definitions:

Confidence Interval

A range of values derived from sample statistics that is likely to contain the true population parameter with a given level of confidence.

Standard Error

A measure of the variability or dispersion of a sample statistic from the population parameter it estimates.

Mean

The average of a set of numerical values, calculated by adding them together and dividing by the number of terms in the set.

Confidence Interval

An interval of values, derived from statistics gathered from a sample, expected to cover the value of a hidden parameter in a population.

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