Exhibit 10.1 the Following Questions Are Based on the Problem Description and Description

question 100

Multiple Choice

Exhibit 10.1
The following questions are based on the problem description and the output below.
A college admissions officer wants to evaluate graduate school applicants based on their GMAT scores, verbal and quantitative. Students are classified as either successful or not-successful in their graduate studies. The officer has data on 20 current students, ten of whom are doing very well (Group 1) and ten who are not (Group 2) . ​ ​ ​ ​
-Refer to Exhibit 10.1. What is the quantitative test score value of the group centroid for group 2?

• A) 683.8
• B) 654.2
• C) 610.7
• D) 605.7

---

Definitions:

Activity Rate

The cost driver rate used in activity-based costing to allocate overhead costs to products or services.

Activity Cost Pools

A method in cost accounting used to group all related costs associated with specific activities.

Activity-Based Costing

A pricing method that allocates expenses to goods or services according to the resources they use.

Machine-Hours

A measure of production time, indicating the total hours that machines are operational within a set period.