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

question 38

Multiple Choice

Legard 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 January, the kennel budgeted for 2,600 tenant-days, but its actual level of activity was 2,620 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for January:
-The revenue variance for January would be closest to:

• A) $750 U
• B) $40 U
• C) $40 F
• D) $750 F

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Definitions:

Reliability Estimate

A measure of the consistency of a psychological test or assessment tool across different administrations or portions of the test.

Coefficient Of Determination

A measure that assesses the proportion of variance in a dependent variable that is predictable from the independent variable(s).

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together, ranging from -1 (perfect negative correlation) to +1 (perfect positive correlation).

Alternate Forms Reliability

The extent to which two versions of a test are consistent in their measurements across the same group of individuals.