It's Easy to Measure the Circumference of a Tree's Trunk,but

question 42

Multiple Choice

It's easy to measure the circumference of a tree's trunk,but not so easy to measure its height.Foresters developed a model for ponderosa pine trees that they use to predict the tree's height (h,in metres) from the circumference of its trunk (c,in centimetres) : ln
= -1.2 + 1.4(ln c) .A lumberjack finds a tree with a circumference of 30 cm.How tall does this model estimate the tree to be?

• A)35 m
• B)83 m
• C)11 m
• D)5 m
• E)19 m

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Definitions:

Net Income

A company's remaining earnings once total revenue has been reduced by all expenses, taxes, and costs.

LIFO

An inventory valuation method that assumes the last items placed in inventory are the first sold, standing for Last-In, First-Out.

FIFO

FIFO, an acronym for "First In, First Out," is an inventory valuation method where goods purchased first are the ones sold first, affecting cost of goods sold and inventory on the balance sheet.

Inventory Costing Method

This involves various approaches to valuing inventory, including FIFO (first-in, first-out), LIFO (last-in, first-out), and weighted average cost methods, affecting the cost of goods sold and ending inventory valuation.