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Use computer software to obtain the multiple regression equation. Use the estimated equation to find the predicted value.
-A wildlife analyst gathered the data in the table to develop an equation to predict the weights of bears. He used WEIGHT as the dependent variable and CHEST, LENGTH, and SEX as the independent variables. For SEX, he
Used male = 1 and female = 2. He took his equation "to the forest" and found a male bear whose chest measured 40.3 inches and who was 64.0 inches long.
Direct Labor-Hours
A measure of the total hours worked by employees directly involved in the manufacturing process.
Traditional Costing
An accounting method that applies factory overhead costs to products based on a predetermined overhead rate.
Unit Product Cost
The total cost associated with making one unit of a product, including materials, labor, and overhead.
Traditional Costing
An accounting method that allocates overhead costs to products based on volume-related measures, such as direct labor hours.
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