The Bhaskara Corporation Used Regression Analysis to Predict the Annual

question 25

Multiple Choice

The Bhaskara Corporation used regression analysis to predict the annual cost of indirect materials. The results were as follows: What is the linear cost function?

• A)Y = $21,890 + $11.75X
• B)Y = $4,560 + $5.15X
• C)Y = $20,100 + $4.60X
• D)None of these answers is correct.

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Definitions:

Percentage

A proportion or share in a larger whole, expressed as a fraction of 100.

Accept

To receive willingly something that is offered or to agree to the reality of a situation.

Theory

A different way to describe theories; it's a coherent group of propositions formulated to explain a group of facts or phenomena.

Natural Selection

The process by which organisms better adapted to their environment tend to survive and produce more offspring, driving evolutionary change.