Match Each Following Terms with Their Correct Description from the Items

question 30

Multiple Choice

Match each following terms with their correct description from the items listed below.Each classification may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-Results in the best-fitting line through a set of data points

• A)High-low method
• B)Scattergraph method
• C)Least squares (regression) method

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Definitions:

Warranties

Legal guarantees provided by manufacturers or sellers assuring the quality and reliability of a product and promising repair or replacement within a certain period in the event of a defect.

Guarantees

Formal promises or assurances, typically in writing, that certain conditions will be fulfilled, especially relating to the quality or durability of a product.

Good

An item or product that is produced or manufactured to fulfill wants or needs.

Service

An intangible act or use benefit provided by one party to another that does not result in ownership of anything.