The Partridge Corporation Used Regression Analysis to Predict the Annual

question 156

Short Answer

The Partridge Corporation used regression analysis to predict the annual cost of indirect materials. The results were as follows: Indirect M aterials Cost
Explained by Units Produced
$\begin{array}{cc}\text { Constant } & \$ 19,885 \\\text { Standard error of Y estimate } & \$ 7,560 \\\text { R - squared } & 0.7832 \\\text { No. of ob servations } & 22\\\text { Degrees of freedom } & 20 \\X \text { coefficient(s) } & 9.75 \\\text { Stand ard error of coefficient }(s) & 2.1876\end{array}$ The linear cost function is: $A$ ) $Y=$
$\$ 7,560+\$ 2.19 X$
$\text { B) } \mathrm{Y}=\$ 7,560+\$ 9.75 \mathrm{X}$
$\text { C) } \mathrm{Y}=\$ 19,885+\$ 9.75 \mathrm{X}$
$\text { D) None of theseanswers is correct }$
$\text { The linear cost function is: A) } Y=$
$\text { A) } \$ 7,560+\$ 2.19 \mathrm{X}$
$\text { B) } Y=\$ 7,560+\$ 9.75 \mathrm{X}$
$\text { C) } \mathrm{Y}=\$ 19.885+\$ 9.75 \mathrm{X}$
$\text { D) None of these answers is correct }$

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Definitions:

Sociotechnical System Design

An approach to organizational work design that recognizes the interaction between people and technology in workplaces.

Workplace Relationship

Interactions and connections among colleagues within a professional setting, impacting teamwork and collaboration.

Job Design

A method of setting duties and responsibilities of a job with the intention of improving productivity and performance

Division Of Labor

The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.