Which of the Following Indices Measures the Strength of the Relationship

question 79

Multiple Choice

Which of the following indices measures the strength of the relationship between the independent and dependent variables?

• A)standard error of difference
• B)power
• C)eta²
• D)alpha

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Definitions:

Labor Rate Variance

The difference between the actual cost of labor and the budgeted cost of labor at the standard rate.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on standard cost accounting.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on the predetermined rate.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a specific product and included in the direct costs of production.