Exhibit 13-10
in a Regression Model Involving 30 Observations, the Following

question 29

Multiple Choice

Exhibit 13-10
In a regression model involving 30 observations, the following estimated regression equation was obtained.
$\hat { Y }$ =170+34X1 - 3X2+8X3+58X4+3X5
For this model, SSR = 1,740 and SST = 2,000.
-Refer to Exhibit 13-10. The test statistic F for testing the significance of the above model is

• A) 32.12
• B) 6.69
• C) 4.8
• D) 58

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Definitions:

Direct Labor

The labor costs of workers who are directly involved in the production of goods or the rendering of services.

Direct Labor Hour

A measure of the amount of time workers spend directly manufacturing a product.

Direct Materials

Raw materials that can be directly traced to the production of specific goods or services and are significant in cost.

Total Cost

The complete amount of costs involved in producing, purchasing, and/or selling goods or services, including fixed and variable costs.