Your Client's Company Wants to Determine the Relationship Between Its

question 208

Multiple Choice

Your client's company wants to determine the relationship between its monthly operating costs and a potential cost driver.The output of regression analysis showed the following information:
Intercept Coefficient = 89,620
X Variable 1 Coefficient = 62.53
R-square = 0.9852
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What is the company's monthly cost equation?

• A)y = $62.53x + $89,620
• B)y = $98.52x + $89,620
• C)y = $89,620x + $62.98
• D)y = $89,620x + $98.52

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Definitions:

Phone Interview

A prearranged meeting or assessment carried out over the phone, generally used in the preliminary stages of a job application process.

Computer-assisted Interviews

The use of computer technology to conduct and record interviews, often improving accuracy and efficiency.

Computer-generated Report

A report created through software applications, incorporating data analysis and presentation in a digital format.

Logical Thinking

The process of reasoning consistently and sensibly, utilizing structured and coherent thought patterns to solve problems or make decisions.