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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:
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.
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