Compute the Specified Sum of Squares $\mathrm { y } = 3.000 \mathrm { x }$

question 1

Multiple Choice

Compute the specified sum of squares.
-The regression equation for the data below is $\mathrm { y } = 3.000 \mathrm { x }$ .
$\begin{array}{r|rrrr}\mathrm{x} & 2 & 4 & 5 & 6 \\\hline \mathrm{y} & 7 & 11 & 13 & 20\end{array}$

SST

• A)\(92.25\)
• B) \(10.00\)
• C) \(78.75\)
• D) \(88.75\)

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Definitions:

Net Sales

The amount of sales revenue remaining after deducting returns, allowances, and discounts from total sales.

Cost Of Goods Sold

Cost of goods sold (COGS) is the direct cost attributable to the production of the goods sold by a company, including the cost of materials and labor.

Gross Profit

The financial gain a company achieves after subtracting the cost of goods sold from its total revenue.

Operating Expenses

Expenses incurred in the normal operation of a business, excluding the cost of goods sold.