A Cost Accountant Is Developing a Regression Model to Predict

question 29

Multiple Choice

A cost accountant is developing a regression model to predict the total cost of producing a batch of printed circuit boards as a linear function of batch size (the number of boards produced in one lot or batch) , production plant (Kingsland, and Yorktown) , and production shift (day, and evening) .In this model, "batch size" is ______.

• A)a response variable
• B)an indicator variable
• C)a dependent variable
• D)a qualitative variable
• E)an independent variable

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Definitions:

RAM And ROM

Random Access Memory (RAM) is temporary memory used by a computer to store data for running programs, whereas Read-Only Memory (ROM) is used to store permanent data and instructions for booting up the system.

Keyboard Width

The measurement of the keyboard's size from one side to another, affecting ergonomics and user comfort.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the development of electronic devices, machines, and software.

Manufacturing

The industrial process of converting raw materials into finished goods through the use of labor, machinery, tools, and chemical processing.