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The cost accountant for Bolagio Company used an Excel spreadsheet program to run ordinary least squares on a set of cost data for its utility cost. Bolagio's cost driver for utility cost is machine hours. The following results were produced.
Required:
Conclusion
The final statement in a logical argument that follows from the premises.
Importance
The state or fact of being of great significance or value.
Implicit Premise
A premise that is assumed by an argument but is not stated.
Plane Ticket
A document, issued by an airline or a travel agency, to confirm an individual's entitlement to a seat on a flight on an aircraft.
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