Which of the Following Is an Advantage of Using the Scattergraph

question 82

Multiple Choice

Which of the following is an advantage of using the scattergraph method over the high-low method to estimate costs?

• A)It utilizes statistics to determine the "best fit."
• B)A cost analyst can review the data visually and eliminate outliers.
• C)It provides a superior quality cost formulae because it relies on the objective judgement of the analysts.
• D)The cost formula can be determined simply by looking at two points of data.

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Definitions:

Cognitive Psychologist

A professional who studies mental processes including how people think, perceive, remember, and learn, often focusing on areas such as problem-solving, decision-making, and memory.

Cognitive Processes

The mental activities involved in acquiring, storing, and manipulating knowledge, such as perception, memory, and thinking.

Between-Subjects Design

A research design in which different groups of participants are exposed to different conditions or treatments.

Within-Subjects Design

A research paradigm in which the same experimental participants participate in different experimental conditions.