If None of the Data Points for a Multiple Regression

question 42

Multiple Choice

If none of the data points for a multiple regression model with two independent variables were on the regression plane, then the multiple coefficient of determination would be:

• A) -1.0.
• B) 1.0.
• C) any number between -1 and 1, inclusive.
• D) any number greater than or equal to zero but smaller than 1.

---

Definitions:

Direct Labor Hour

A direct labor hour measures the actual time spent by workers directly involved in the production of goods or services, used for costing and operational efficiency.

Insurance Costs

Expenses associated with purchasing insurance policies to protect against risks.

Straight-line Depreciation

A method of allocating an asset's cost evenly across its useful life.

Per-unit Cost

The cost incurred to produce, maintain, or sell one unit of a product or service, calculated by dividing total costs by the number of units.