Which of the Following Decision-Making Tools Would NOT Be Useful

question 8

Multiple Choice

Which of the following decision-making tools would NOT be useful in determining the slope and intercept of a mixed cost?

• A)linear programming
• B)least-squares method
• C)high-low method
• D)scattergraphs

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Definitions:

Car Sales

The number of automobiles sold within a specific period, an indicator of the automotive industry's health and consumer demand.

Conditional Probabilities

The probability of an event occurring given that another event has already occurred, reflecting how the likelihood of the event is affected by the knowledge of another outcome.

V(X + Y)

The variance of the sum of two random variables, considering both their individual variances and the covariance between them.

V(X)

Represents the variance of a random variable X, quantifying the spread of its distribution.