All of the Following Are Advantages of Using Regression Analysis

question 53

Multiple Choice

All of the following are advantages of using regression analysis to determine standard time EXCEPT:

• A) a smaller cycle time.
• B) the assumption of additive task times.
• C) statistically significant variables.
• D) confidence intervals for the prediction.

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Definitions:

Black Box

A system or device whose internal workings are not well understood by the user, focusing only on the input and output.

Internalization

The process of integrating beliefs, values, or behaviors into one's own value system or way of being, often subconscious.

Salesperson

A Salesperson is an individual who sells goods or services to customers, often working on behalf of a company, utilizing skills in persuasion and negotiation to achieve sales.

Economic Needs

The fundamental requirements for goods and services that satisfy basic needs like shelter, food, and clothing, as well as desires for improved quality of life.