What Is Characteristic of the Scatterplot Method of Cost Estimation

question 91

Multiple Choice

What is characteristic of the scatterplot method of cost estimation?

• A)The scatterplot method is influenced by extreme observations.
• B)The scatterplot method requires the use of judgment.
• C)The scatterplot method uses the least-squares method.
• D)The scatterplot method is superior to other methods in its ability to distinguish between discretionary and committed fixed costs.

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Definitions:

Convenience Stores

Retail outlets that provide a range of everyday items such as snacks, beverages, tobacco products, and household essentials, often operating for extended hours.

Butter

A dairy product made from churning milk or cream, used as a spread or in cooking.

Stock Price

The cost of purchasing a single share of a company's stock, determined by the demand and supply in the stock market.

Apex Resources

A term potentially referring to a company, project, or materials designated as top or highest quality within a specific domain or sector.