Using the Regression Formula with a Slope = 0

question 22

Multiple Choice

Using the regression formula with a slope = 0.704 and an intercept = 0.719,what would the predicted college GPA be for a student whose current high school GPA = 4.2?

• A)3.68
• B)2.97
• C)3.00
• D)3.20

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Definitions:

Cash Collected

The total amount of money received from sales, services, or other business activities.

Accounts Receivable Balance

The total amount of money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Direct Labor Cost

The total cost of wages paid to employees who are directly involved in the manufacturing or production of goods or services.

Estimated

An approximation or a preliminary calculation of figures based on available data or trends.