On a Scattergraph, You Must "Fit" a Line to the Plotted

question 55

Multiple Choice

On a scattergraph, you must "fit" a line to the plotted points.Once the line is drawn,

• A)calculate the fixed and variable costs using basic algebra.
• B)use a statistical technique to identify the fixed and variable costs.
• C)choose more than one point to calculate the fixed and variable costs.
• D)use regression analysis to calculate the fixed and variable components of the total cost.

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Definitions:

Consequent

In a conditional statement, it refers to the outcome or result that follows from the fulfillment of a precedent condition.

Conditional

A type of logical statement that connects two statements in a cause-and-effect relationship, usually formulated as "if-then."

Biconditional

A logical statement indicating a true conditional statement and its converse are true; often represented by the phrase "if and only if".

Component

A part or element of a larger whole, especially in a mechanical or electronic system.