If the Analysis Contains Several Independent Variables That Are Nonmetric

question 9

Multiple Choice

If the analysis contains several independent variables that are nonmetric and a dependent variable that is metric, then the appropriate statistical technique is:

• A) multiple regression analysis.
• B) multiple discriminant analysis.
• C) conjoint analysis.
• D) n-way univariate ANOVA.

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Definitions:

Raw Materials

Basic materials used in the production process to manufacture finished goods.

Raw Materials Inventory

The total cost of all the materials that are held by a company and that will be used in production.

Raw Materials Purchases

refer to the acquisition of the basic inputs required to manufacture products; these materials have yet to be processed or used in production.

Raw Materials Available

Raw materials available refer to all the materials that are in stock and ready to be used in the production process at a given time.