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Because There Are Only Two Possible Hypothesis Testing Outcomes (Significant

question 9

Multiple Choice

Because there are only two possible hypothesis testing outcomes (significant or not) and there are two main effects and an interaction in a 2 × 2 factorial ANOVA, then there are ____ possible outcomes.


Definitions:

Variable Factory Overhead

Expenses that fluctuate with the level of production output, such as utilities or materials used in the manufacturing process.

Fixed Manufacturing Overhead

Consists of the costs that do not vary with the level of production, such as rent, property taxes, and salaries of permanent employees in a manufacturing facility.

Cost Allocation

The process of identifying, aggregating, and assigning costs to cost objects such as products, services, or departments.

Insulating Allocations

An approach in budgeting where specific costs are assigned or isolated to individual departments or projects to prevent them from affecting others.

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