Which of the Following Statements Is Not True

question 10

Multiple Choice

Which of the following statements is not true?

• A)The high-low method is a non-statistical method; regression analysis is a statistical method.
• B)The high-low method and regression analysis use only two observations to estimate fixed and variable costs.
• C)The mechanics of regression analysis are complex; the mechanics of the high-low method are simple.
• D)Both A and B are untrue.
• E)A, B and C are untrue.

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Definitions:

Numerical Data

Information that can be measured or counted and represented in numbers and values.

Multicollinearity

A statistical phenomenon in which two or more independent variables in a regression model are highly correlated, potentially distorting the results.

Independent Variables

Factors or predictors in an experiment or model that are intentionally varied to observe their effect on other variables, deemed independent for their unchanged nature by other variables.

Dependent Variable

a variable in an experiment or model whose value depends on the effects of other variables, often denoted as the output or outcome variable.