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Barrington Box Enterprises has two divisions,large and small,that share the common costs of the company's communications network.The annual common costs are $4,500,000.You have been provided with the following information for the upcoming year:
What is the allocation rate for the upcoming,year assuming Barrington Box uses the single-rate method and allocates common costs based on the time on the network?
Sample Sizes
The number of observations or individuals in a subset of data taken from a larger population for the purposes of statistical analysis.
Type I Error
The incorrect rejection of a true null hypothesis, also known as a "false positive".
F-test Statistic
A ratio of two variances that follows an F-distribution, used to compare statistical models or test hypotheses about the equality of variances.
Larger Sample Variance
Refers to a greater dispersion or spread of a set of sample data points from their mean, compared to another set of data points.
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