Consider the Data Set Shown Below A)08804
B)0

question 64

Multiple Choice

Consider the data set shown below. Find the coefficient of determination for the simple linear regression model. $$\begin{array} { c | c | c | c | c | c | c | c } \mathrm { y } & 0 & 3 & 2 & 3 & 8 & 10 & 11 \\\hline \mathrm { x } & - 2 & 0 & 2 & 4 & 6 & 8 & 10\end{array}$$

• A)0.8804
• B)0.9489
• C)0.9383
• D)0.9003

---

Definitions:

Factory Overhead

Costs associated with the operation of a manufacturing plant that are not directly tied to individual products, such as maintenance.

Direct Labor

The compensation, such as salaries or wages, given to workers who are directly engaged in producing goods or services.

Manufacturing Costs

Expenses directly related to the production of goods, including raw materials, labor, and overhead.

Prime Costs

The sum of direct materials cost and direct labor cost, representing the primary costs involved in producing a product.