Consider the Following Regression Line $\widehat { \text { TestScore } } = 698.9 - 2.28 \times \text { STR }$

question 33

Multiple Choice

Consider the following regression line: $\widehat { \text { TestScore } } = 698.9 - 2.28 \times \text { STR }$
You are told that the t -statistic on the slope coefficient is 4.38 . What is the standard error of the slope coefficient?

• A) 0.52
• B) 1.96
• C) -1.96
• D) 4.38

---

Definitions:

Normal Costing

An accounting method that assigns costs to products based on direct materials, direct labor, and an allocated portion of manufacturing overhead based on normal activity levels.

Work in Process

Inventory items that are in the production process but are not yet complete.

Predetermined Overhead

An estimated rate used to allocate manufacturing overhead costs to products based on planned activity levels.

Underapplied Overhead

A situation where the allocated manufacturing overhead costs are less than the actual overhead costs incurred, leading to an underestimation of product costs.