The Kojak Company Used Regression Analysis to Predict the Annual

question 14

Multiple Choice

The Kojak Company used regression analysis to predict the annual cost of utilities. The results were as follows: Utilities Cost
Explained by Direct Labor Hours
$\begin{array}{cc}\text { Constant } & \$ 2,500 \\\text { Standard error of } Y \text { estimate } & \$ 545.20 \\\text { R - squared } & 0.650 \\\text { No. of observations } & 30\\\text { Degrees of freedom } & 28 \\\text { X coefficient }(s) & 2.037 \\\text { Standard error of coefficient(s) } & 0.917\end{array}$ The total fixed cost is:

• A) $2.037
• B) $545.20
• C) $2,500
• D) None of these answers is correct.

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Definitions:

Neuroses

Psychological disorders characterized by anxiety, phobias, obsessive-compulsive behaviors, and other forms of psychological distress that significantly impact daily functioning.

Physiological Excitation

The activation of the body's arousal system, resulting in increased physical activity and energy levels, often as a response to stimuli.

Instinct

An innate, typically fixed pattern of behavior in animals in response to certain stimuli, believed to be driven by biological necessities.

Tension

A mental or emotional strain caused by the conflict between opposing forces, thoughts, or feelings.