The Following Computer Printout Estimated Overhead Costs Using Multiple Regression

question 22

Multiple Choice

The following computer printout estimated overhead costs using multiple regression:

During the year the company used 1,000 setup hours and 500 parts.
-Refer to the figure.Which slope and intercept parameters are not significant at the 0.05 level?

• A)intercept
• B)setup hours
• C)number of parts
• D)standard error

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Definitions:

Empiricist

An empiricist is someone who believes that knowledge comes primarily from sensory experience and observation.

Proximal Stimulus

The physical energy from a stimulus as it directly interacts with sensory receptors, such as the pattern of light hitting the retina.

Distal Stimuli

External objects and events in the environment that provide the basis for the perception of stimuli.

George Berkeley

George Berkeley was an Irish philosopher in the 18th century, best known for his theory of immaterialism, arguing that physical objects do not exist independently of the mind that perceives them.