Marsee Kennel Uses Tenant-Days as Its Measure of Activity; an Animal

question 42

Multiple Choice

Marsee Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During June, the kennel budgeted for 2,500 tenant-days, but its actual level of activity was 2,510 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for June:

Data used in budgeting:
Actual results for June:
-The administrative expenses in the planning budget for June would be closest to:

• A)$7,881
• B)$7,850
• C)$8,151
• D)$8,150

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Definitions:

Randomly Selected

Chosen in such a way that every member of a population has an equal chance of being included in the sample.

Presidential Election

A presidential election is the process by which a country or a political entity elects the head of state or president.

Bias

A systematic error that leads to incorrect estimates or perceptions either in data collection, analysis, interpretation, or publication processes.

Probability

The quantification of the probability that a specific event will happen, expressed as a value ranging from 0 to 1.