It Is Believed That Number of People Who Attend a Mardi

question 106

Multiple Choice

It is believed that number of people who attend a Mardi Gras parade each year depends on the temperature that day.A regression has been conducted on a sample of years where the temperature ranged from 28 to 64 degrees and the number of people attending ranged from 8400 to 14,600.The regression equation was found to be = 2378 + 191x.Which of the following is true?

• A)The average change in parade attendance is an additional 2378 people per one-degree increase in temperature.
• B)The average change in parade attendance is an additional 191 people per one-degree increase in temperature.
• C)If the temperature is 75 degrees,we can expect that 16,703 people will attend.
• D)If the temperature is 0 degrees this year,then we should expect 2378 people to attend.

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Definitions:

Cost Reconciliation Report

A financial document that adjusts and aligns cost elements within a specific period or project to ensure accounting accuracy.

Units Transferred

The total number of units moved from one stage of production to the next or from one department to another during a period.

Department

A distinct area, division, or branch of an organization designated to perform specific functions or tasks.

Cost Reconciliation Report

A financial report that explains the differences or reconciles the variances between the cost of beginning and ending inventories in cost accounting.