The Managerial Accountant at the Bookcase Factory Prefers Regression Analysis

question 6

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:

Expected Return

The predicted profit or loss from an investment, considering both the likelihood and the impact of various outcomes.

Variance

A measure of the spread between numbers in a data set, showing how far each number in the set is from the mean and thus from every other number in the set.

Recession

A noticeable drop in economic performance affecting the entire economy, enduring longer than several months, usually evident in real GDP, real income, employment, industrial output, and wholesaleretail sales.

Variance

A statistical measurement of the spread between numbers in a data set, indicating how much the numbers differ from the average.