Burmer Co Has Accumulated Data to Use in Preparing Its Annual

question 46

Multiple Choice

Burmer Co. has accumulated data to use in preparing its annual profit plan for the upcoming year. The cost behavior pattern of the maintenance costs must be determined. Data regarding the machine hours and maintenance costs for the last year and the results of the regression analysis are as follows:A staff assistant has run regression analyses on the data and obtained the following output using Excel:
REGRESSION ANALYSIS
Y (Dependent) Variable: Maintenance Cost
X (Independent) Variable: Maintenance Hours
A key statistic that indicates reliability of the regression is:

• A) 12.
• B) 47.0630.
• C) 0.9964.
• D) 783.338.
• E) 6.777.

---

Definitions:

Reliability

The consistency and dependability of a measurement tool, assessment, or result over time.

Replication

The process of repeating a research study or experiment with the aim of verifying the findings or increasing the reliability of the results.

Anger-Related Words

Terms that are specifically associated with the emotion of anger or describe aspects of anger.

Heart Disease Rates

Refers to the prevalence or incidence of cardiovascular conditions within a specific population, often utilized as an indicator of public health.