Which of the Following Is an Advantage of Using the Scatterplot

question 95

Multiple Choice

Which of the following is an advantage of using the scatterplot method over the high-low method to estimate costs?

• A)It is a statistical method to determine the "best fit."
• B)A cost analyst can review the data visually and eliminate outliers.
• C)The cost formula relies on the objective judgment of the analyst.
• D)The cost formula can be determined simply by looking at two points of data.

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Definitions:

Social Class

A division of society based on social and economic status.

Family Life

The daily interactions, routines, and emotional bonds shared among members of a family unit, including parents, children, and other relatives.

Universal Definition

A description or concept that is agreed upon and accepted by all parties or cultures.

Family

A social unit consisting of parents and their children, considered as a group, whether dwelling together or not.