In a Simple Least-Squares Regression Where X Refers to the Number

question 18

Multiple Choice

In a simple least-squares regression where X refers to the number of sales calls made by a sales department and Y refers to the monthly total cost of the sales department, the R-squared in the regression output would represent:

• A)the estimated monthly total costs of the sales department.
• B)the estimated monthly fixed costs of the sales department.
• C)the estimated monthly variable costs per unit of the sales department.
• D)the percent of variation in Y that is explained by X.

---

Definitions:

AASB 11

is an accounting standard that deals with the financial reporting of interests in joint arrangements.

Joint Operations

A business activity in which two or more parties share control and are jointly responsible for management, assets, and liabilities associated with the activity.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a company's assets over their useful lives, reducing their book value.

Initial Investment

The amount of money used to start an investment, often the starting capital for a business or financial venture.