If cluster analysis is used as a general data reduction tool, subsequent multivariate analysis can be conducted on the clusters rather than on the individual observations
Indicate whether the statement is true or false
TRUE
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Under a coinsur¬ance clause, a homeowner who insures a home for 80 percent of its value can recover only 80 percent of the cost for damage to it
Indicate whether the statement is true or false
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead$157,050Estimated machine-hours 4,500Actual manufacturing overhead$156,000Actual machine-hours 4,580 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year.The predetermined overhead rate is closest to:
A. $34.06 B. $34.90 C. $35.52 D. $34.67
The final step in creating a marketing mix is developing a thorough understanding of the global target market.
Answer the following statement true (T) or false (F)
The index of leading economic indicators is a composite index that suggests the future direction of the U.S. economy
a. True b. False