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Louis Tang, a cost accountant at Prime Plastics, Inc.(PPI) , is analyzing the manufacturing costs of a moulded plastic telephone handset produced by PPI.Louis's independent variable is production lot size (in 1,000's of units) , and his dependent variable is the total cost of the lot (in $100's) .Regression analysis of the data yielded the following tables:
Using = 0.05, Louis should ___.
Behavior Affects
The way an individual's emotions and attitude influence their actions and behaviors.
Own Traits
Personal characteristics or attributes that define an individual's unique identity or personality.
Self-Fulfilling Prophecy
A forecast that, through a cycle of belief influencing actions, becomes a reality because of the positive reinforcement between what is believed and how one behaves.
Expectations
Beliefs or forecasts about future events or behaviors based on past experiences or societal norms.
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