Noonan Company Used Regression Analysis to Predict the Annual Cost

question 108

Multiple Choice

Noonan Company used regression analysis to predict the annual cost of indirect materials.The results were as follows:
$\begin{array}{ll}&\text { Indirect Materials Cost }\\&\text { Explained by Units Produced }\\\text { Constant } & 4,200 \\\text { Standard error of } Y \text { estimate } & 2,300 \\\text { R-Squared } & 0.84 \\\text { No. of observations } & 22 \\\text { Degrees of freedom } & 20 \\\text { X Coefficient } & 2.30 \\\text { Standarderror of coefficient } & 2.70\end{array}$
The variable cost per unit of product is ________.

• A) $0.84
• B) $1.00
• C) $2.30
• D) $2.70

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Understand the importance of defining objectives before composing a message.

Recognize the differences in communication mediums and how they affect message delivery.

Grasp the significance of anticipating the audience's reaction in the initial phase of writing.

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