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Spectrum Manufacturing had the following information in its records at the end of the year:
What was the balance in Manufacturing Overhead, and when closed what will the effect be on gross margin?
F Distribution
A probability distribution used in analysis of variance (ANOVA), among other tests, describing the ratio of variances from two normally distributed populations.
Symmetrical
A characteristic of shapes, graphs, or distributions in which the two halves mirror each other when divided by a central line or point.
Non-Negative
A term to describe numbers that are both positive and zero, but not negative.
Chi-Squared Distribution
A probability distribution that arises in statistics as the distribution of the sum of the squares of k independent standard normal random variables.
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