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Wales 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 February, the kennel budgeted for 2,700 tenant-days, but its actual level of activity was 2,730 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting:
-The administrative expenses in the planning budget for February would be closest to:
Independent Variable
A variable in an experiment that is manipulated or changed by the researcher to observe its effects on the dependent variable.
Least Squares Estimate
A statistical method used to minimize the sum of square differences between observed and estimated data points.
Dependent Variable
A variable in an experiment or model that is expected to change in response to changes in other variables.
Independent Variable
Factors in an experiment that are deliberately changed to test their impact on outcomes, observed through changes in the dependent variable.
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