After the Observations of Cost and Production Data Are Plotted

question 52

Multiple Choice

After the observations of cost and production data are plotted on graph paper,a line is drawn by visual inspection representing the trend shown by most of the data points using the:

• A)Observation method.
• B)High-low method.
• C)Method of least squares.
• D)Scattergraph method.

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Definitions:

Concept

A mental category that groups objects, relations, activities, abstractions, or qualities having common properties.

Mental Set

A tendency to approach situations in a certain way because that method worked in the past.

Algorithm

A set of rules or steps designed to solve a problem or accomplish a task, often used in computer programming and mathematics.

Nonconscious Process

Mental processes that occur outside of conscious awareness, influencing thoughts, feelings, and behaviors.