Glassing Clinic Uses Client-Visits as Its Measure of Activity

question 240

Multiple Choice

Glassing Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 3,700 client-visits, but its actual level of activity was 3,660 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting:

-The activity variance for net operating income in September would be closest to:

• A)$380 U
• B)$3,540 U
• C)$3,540 F
• D)$380 F

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Definitions:

Distributions

The patterns or spread of data values among defined intervals or categories within a dataset.

Sample Size

Sample size refers to the number of observations or participants included in a statistical sample.

Critical Value

A threshold value that separates probable values from improbable values for a test statistic, under a specified significance level.

Region of Non-rejection

An area in hypothesis testing where the data does not provide sufficient evidence to reject the null hypothesis.