Using the Regression Formula with a Slope =

question 33

Multiple Choice

Using the regression formula with a slope = .704 and an intercept = .919, what would the predicted college GPA be for a student whose current high school GPA = 3.2?

• A)2.69
• B)2.97
• C)3.00
• D)3.17

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Definitions:

Direct Labor Hours

The aggregate number of hours put in by personnel directly participating in the creation of goods or delivery of services.

Fixed Overhead Costs

Fixed costs that stay the same no matter how much is produced or sold, including items like rent, salaries, and insurance policies.

Operating Capacity

The maximum level of activity that a company can sustain with its current resources and infrastructure without incurring additional costs.

Investment Center

A business unit or department that is responsible for its own revenues, expenses, and investment in assets, with its performance measured by its return on investment.