Ten Students in a Tutor Program at Carleton University Were

question 39

Multiple Choice

Ten students in a tutor program at Carleton University were randomly selected.Their grade point averages (GPAs) when they entered the program were less than 9.5.The following data were obtained regarding their GPAs on entering the program versus their current GPAs. $$\begin{array} { c c } \text { Entering GPA (E) } & \text { Current GPA (C) } \\9.5 & 9.6 \\8.8 & 9.1 \\9.3 & 9.5 \\8.6 & 8.6 \\8.5 & 9.0 \\9.0 & 9.4 \\9.1 & 9.2 \\9.4 & 9.7 \\8.9 & 9.3 \\9.1 & 9.3\end{array}$$

• A) \(\hat{C}\) = 0.711 + 0.346E
• B) \(\hat{C}\) = 0.873 + 0.627E
• C) \(\hat{C}\) = 2.51 + 0.529E
• D) \(\hat{C}\) = 1.54 + 0.8566E
• E) \(\hat{C}\) = 0.0065 + 0.879E

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Definitions:

Factory Overhead

Factory Overhead includes all indirect costs associated with the manufacturing process, such as utilities, maintenance, and manager salaries, not directly tied to production output.

Process Manufacturing

A production method used in industries such as chemical, food, and pharmaceuticals, where goods are produced in continuous, batch processes rather than discrete units.

Unique Items

Products or goods that are distinct in characteristics or are produced in small quantities, making them rare or uncommon.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, measuring them in terms of the amount of finished goods they represent.