The Rumler Company Used Regression Analysis to Predict the Annual

question 101

Multiple Choice

The Rumler Company used regression analysis to predict the annual cost of utilities.The results were as follows:
$\begin{array}{ll}&\text { Utilities Cost }\\&\text { Explained by Direct Labor Hours }\\\text { Constant } & 4,500 \\\text { Standard error of } Y \text { estimate } & 595 \\\text { R-Squared } & 0.87 \\\text { No. of observations } & 30 \\\text { Degrees of freedom } & 28 \\\text { X Coefficient } & 5.04 \\\text { Standard error fofficient } & 0.92\end{array}$
The total fixed cost is ________.

• A) $5.04 times number of direct labor hours
• B) $595
• C) $4,500
• D) none of the above

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Applied Research

Research aimed at solving practical problems and improving human conditions by applying scientific principles and theories.

Reward Program

A system used to incentivize desired behaviors or actions through the use of rewards, often employed in educational, workplace, or consumer contexts.

Disruptive Behavior

Actions that interrupt the normal flow or processes of operations, often referring to inappropriate or problematic behaviors.

Program Evaluation

Program evaluation is a systematic method for collecting, analyzing, and using information to answer questions about projects, policies, and programs, particularly about their effectiveness and efficiency.