If We Had an R² of

question 3

Multiple Choice

If we had an R² of .14 then what would this mean?

• A) That the finding is non-significant
• B) That the finding has a medium effect size
• C) That the finding has a small effect size
• D) That the finding is significant

---

Definitions:

Materials

Items or supplies used in the production of goods, considered part of the direct costs in manufacturing.

FIFO Method

"First In, First Out," an inventory valuation method that assumes goods are sold in the order they are acquired, impacting the cost of goods sold and inventory value.

Equivalent Units

A term used in process costing to measure the amount of work done on incomplete products, converted into an equivalent number of fully completed units.

Materials

Substances or components required in the production of goods or in the provision of services.