The Y-Intercept (B₀) Represents the

question 191

Multiple Choice

The Y-intercept (b₀) represents the

• A) predicted value of Y when X = 0.
• B) change in estimated Y per unit change in X.
• C) predicted value of Y.
• D) variation around the sample regression line.

---

Definitions:

Unfavorable

A term used to describe outcomes or variances that negatively impact financial performance or expectations.

Unfavorable Variances

Occurrences when actual costs exceed budgeted or expected costs, indicating a potential need for management action to address inefficiencies.

Favorable Variances

Differences between actual and budgeted amounts that result in more profit or less cost than originally planned.

Income

Money received, especially on a regular basis, for work, through investments, or from business activities.