Hill Top Products Has Run a Regression Analysis for Utilities

question 41

Multiple Choice

Hill Top Products has run a regression analysis for utilities costs and the total production for the past six months. The regression analysis shows an R square (R²) of .86. Which of the following statements best describes the meaning of R²?

• A) 86 percent of the company's total costs are utilities costs.
• B) 14 percent of the variation in utilities costs is explained by the increase or decrease in production.
• C) 86 percent of the variation in utilities costs is explained by the increase or decrease in production.
• D) 86 percent of the company's total costs are fixed costs and the remaining 14 percent are variable costs.

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Definitions:

A-type Conflict

Refers to affective conflict where disagreements among individuals are due to personal issues, emotions, and matters unrelated to work tasks.

C-type Conflict

"Cognitive" type conflict, which involves disagreements in ideas, opinions, or points of view, often seen as beneficial for problem-solving and innovation.

Conflict Strategies

Methods or approaches used to handle or resolve disagreements and disputes.

Conflict Strategy

An approach or plan developed to navigate or resolve a disagreement or dispute.