Hill Top Products Has Run a Regression Analysis Comparing Total

question 91

Multiple Choice

Hill Top Products has run a regression analysis comparing total production and utilities' costs for the past six months.The regression analysis shows an R square (R²) of .86.Which of the following statements best describes the meaning of R²?

• A) 86 per cent of the company's total costs are utilities costs.
• B) 86 per cent of the variation in utilities costs is not explained by the increase or decrease in production.
• C) 86 per cent of the variation in utilities costs is explained by the increase or decrease in production.
• D) 86 per cent of the company's total costs are fixed costs and the remaining 14 per cent are variable costs.

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Definitions:

Polarization

The process or phenomenon by which opinions, attitudes, or behaviors become more extreme or divided among members of a group or society.

Static Evaluation

The tendency to view people or situations as unchanging, ignoring the dynamic nature of reality.

Bypassing

refers to a communication problem where the same words or phrases are interpreted differently by different people, leading to misunderstandings and a breakdown in communication.

Supportive Climate

An environment, either in the workplace or personal relationships, that fosters open, honest, and respectful communication.