A Statistical Method for Finding the Best-Fitting Cost Equation to a Set

question 81

Multiple Choice

A statistical method for finding the best-fitting cost equation to a set of data is the

• A)scattergraph method.
• B)high-low method.
• C)visual fit method.
• D)least-squares regression methoD.Least-squares regression is the only statistical technique among those listed.

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Definitions:

Conditions

Specific circumstances or factors affecting the way in which people live or work, especially with regard to their safety or well-being.

Organizations

Structured groups of people who work together to achieve shared goals or fulfill a specific purpose.

Supervisors

Individuals who have the authority and responsibility to oversee and direct the work of others in a workplace setting.

Adjusting

The process of adapting or changing one’s behavior, thoughts, or attitudes to better suit new conditions or environments.