A High Adjusted R-Square for the Regression of a Cost

question 110

Multiple Choice

A high adjusted R-square for the regression of a cost against a cost driver indicates:

• A) The predicted linear relationship between the cost and the cost driver is probably correct
• B) The relationship between the cost and the cost driver is probably linear
• C) The cost driver explains a high percentage of the variation of the cost
• D) The cost driver is statistically significant

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