If an Estimated Regression Line Has a Y-Intercept of 10

question 85

Multiple Choice

If an estimated regression line has a y-intercept of 10 and a slope of 4,then when x = 2 the actual value of y is:

• A)18
• B)15
• C)14
• D)unknown.

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Definitions:

Operations

The day-to-day activities required for continued business functioning, focusing on creating and delivering products or services.

Predetermined Overhead Rate

A rate used to apply manufacturing overhead cost to products, calculated before the manufacturing process begins based on estimated costs.

Overapplied Overhead

A situation where the allocated overhead costs exceed the actual overhead expenses incurred.

Machine-Hours

A unit of measure indicating the total time production machinery is operated, used in calculating manufacturing costs and efficiencies.