The Coefficient of Determination Is

question 10

Multiple Choice

The coefficient of determination is

• A)a measure of the variability of actual costs around the cost-estimating equation.
• B)used to construct probability intervals for cost estimates.
• C)a standardized measure of the degree to which two variables move together.
• D)a measure of the percent variation in the dependent variable that is explained by the cost estimating equation.

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Definitions:

Equipment

Assets used in the production or supply of services, often subject to depreciation over their useful lives.

Owner's Capital

The amount of money and other forms of assets invested into a business by the owner(s), minus any withdrawals, representing the owner’s equity.

Accounts Debited

The accounts on the left side of the accounting equation that increase with a debit transaction and decrease with a credit transaction.

Accounts Credited

Refers to the entries made on the credit side of a ledger, indicating a reduction in assets or an increase in liabilities or equity.