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On December 1,2017,Summit,Inc.sold machinery to a customer for $22,000.The customer could not pay at the time of sale but agreed to pay 10 months later and signed a 10-month note at 10% interest.How much interest revenue was earned during 2018? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )
Friedman Test
A non-parametric statistical test used to detect differences in treatments across multiple test attempts.
Randomized Block Design
An experimental design in which subjects are divided into blocks based on certain characteristics before being randomly assigned to treatments, minimizing the variability within blocks.
Analysis Of Variance
A statistical method used to determine the existence of differences among group means in a sample.
Rejection Region
The range of values for which the null hypothesis is considered improbable and hence rejected in hypothesis testing.
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