The Method of Least Squares Was Used to Develop a Cost

question 57

Multiple Choice

The method of least squares was used to develop a cost equation to predict the cost of monthly equipment maintenance.The following computer output was received: ​
​
The driver used was the number of machine hours.
Using the cost formula for the equipment maintenance cost, what is the predicted cost of equipment maintenance for April, assuming that 8,000 machine hours will be logged in April?

• A) $185,000
• B) $140,000
• C) $200,000
• D) None of these are correct.

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Definitions:

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Excluded from a group or society with general consent, often as a form of social punishment.

Shaming

The act of publicly or privately making someone feel ashamed or humiliated, often as a form of punishment or control.

Social Learning Theory

A theory that suggests people learn behaviors, norms, and values through observing and imitating others.

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