Cost That Are Nearly Variable, but Increase in Small Steps

question 12

True/False

Cost that are nearly variable, but increase in small steps instead of continuously are called step-variable costs.

---

Definitions:

Coefficient Of Determination

A statistic that indicates the proportion of the variance in the dependent variable that is predictable from the independent variable(s).

Estimated Regression Equation

A formula that represents the relationship between dependent and independent variables and is used to predict the value of the dependent variable.

Correlation Coefficient

A numerical measure of some type of correlation, meaning a statistical relationship between two variables, ranging between -1 and 1.

Standard Error

The standard deviation of the sampling distribution of a statistic, indicating the accuracy of the estimate.