The Managerial Accountant at the Bookcase Factory Prefers Regression Analysis

question 12

Multiple Choice

The managerial accountant at the Bookcase Factory prefers regression analysis to the high-low method because it is a more accurate method.The managerial accountant uses regression output and analyzes the following data to predict future costs:
Y =$250x + $625
Where,
Y = total monthly utility cost
X = number of guests
What is the intercept coefficient,or the vertical intercept of the fixed cost line,in the equation listed above?

• A)y
• B)$250x
• C)$625
• D)$250x + $625

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Definitions:

Complex Traits

Traits that are influenced by multiple genes and often by environmental factors as well, showing continuous variation within a population.

Heritability

The percentage of variability in a specific characteristic within a population that is due to genetic inheritance.

Phenotypic Variation

The differences in appearance and behavior among individuals of the same species, due to genetic and environmental influences.

Genetic Differences

Variation in the DNA sequence among individuals of the same species or between different species.