Which of the Following Is a Statistical Method That Estimates

question 69

Multiple Choice

Which of the following is a statistical method that estimates the relation between cost drivers and costs?

• A)regression analysis.
• B)account analysis.
• C)engineering methods.
• D)All of the answers are correct.

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Definitions:

Variables

Features or characteristics that can take on different values in data collection and analysis.

Stacked Column Chart

A graphical representation of data where multiple columns are placed on top of one another to indicate total values and the constituent parts.

Coefficient Of Determination

Represented as R-squared, it measures the proportion of the variance in the dependent variable that is predictable from the independent variable(s).

Sample Correlation

A measure that indicates the degree to which two variables change together, based on data drawn from a sample of the population.