Examlex

Solved

Miao Clinic Uses Client-Visits as Its Measure of Activity

question 345

Multiple Choice

Miao Clinic uses client-visits as its measure of activity.During July,the clinic budgeted for 3,000 client-visits,but its actual level of activity was 2,980 client-visits.The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for July: Data used in budgeting: Miao Clinic uses client-visits as its measure of activity.During July,the clinic budgeted for 3,000 client-visits,but its actual level of activity was 2,980 client-visits.The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for July: Data used in budgeting:   Actual results for July:   The administrative expenses in the planning budget for July would be closest to: A) $6,492 B) $6,500 C) $6,234 D) $6,192 Actual results for July: Miao Clinic uses client-visits as its measure of activity.During July,the clinic budgeted for 3,000 client-visits,but its actual level of activity was 2,980 client-visits.The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for July: Data used in budgeting:   Actual results for July:   The administrative expenses in the planning budget for July would be closest to: A) $6,492 B) $6,500 C) $6,234 D) $6,192 The administrative expenses in the planning budget for July would be closest to:


Definitions:

Chi-square Test

A statistical test used to determine if there is a significant difference between observed and expected frequencies in one or more categories.

Nominal Variables

Variables that represent categories with no inherent order or ranking among them.

Chi-square Test of Independence

A statistical test used to determine if there is a significant association between two categorical variables.

Test Statistic

A standardized value used in statistical hypothesis testing to decide whether to reject the null hypothesis.

Related Questions