Exhibit 13-5
Below You Are Given a Partial Minitab Output

question 61

Multiple Choice

Exhibit 13-5
Below you are given a partial Minitab output based on a sample of 25 observations.
$\begin{array}{lcc}&\text { Coefficient }&\text { Standard Error }\\\text { Constant } & 145.321 & 48.682 \\\mathrm{X}_{1} & 25.625 & 9.150 \\\mathrm{X}_{2} & -5.720 & 3.575 \\\mathrm{X}_{3} & 0.823 & 0.183\end{array}$
-Refer to Exhibit 13-5. The estimated regression equation is

• A) Y = ?? + ??X1 + ?2X2 + ?3X3 + ?
• B) EY) = ?? + ??X1 + ?2X2 + ?3X3
• C) =145.321+25.625X1 - 5.720X2+0.823X3
• D) =48.682+9.15X1+3.575X2+1.183X3

---

Definitions:

Incremental Cost

The additional cost associated with producing one more unit of output, useful for decision-making on production levels.

Opportunity Cost

The evasion of possible gains from diverse options by firmly deciding on one.

Alternative Foregone

The next best choice available to someone who has made a decision, also known as the opportunity cost.

Opportunity Costs

The financial downside to eschewing the next top alternative in the spectrum of choices.