A Measurement of How Much of the Fluctuation of a Cost

question 112

Multiple Choice

A measurement of how much of the fluctuation of a cost is explained by changes in the cost driver is _____.

• A)least?squares analysis
• B)standard error of Y
• C)standard error of coefficient
• D)coefficient of determination

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Definitions:

Interval Variables

Variables measured along a scale in which the intervals between values are interpretable, but without a true zero point.

Scatter Diagram

A graphical representation using dots to show the relationship between two quantitative variables.

Scatter Diagram

A graphical representation of data points to show the relationship between two variables, with one variable on each axis.

Categories

Groups or classes into which data or items are organized based on shared characteristics or properties.