What Is the Total Amount of the Costs Listed Above

question 170

Multiple Choice

What is the total amount of the costs listed above that are direct costs of the Shoe Department?

• A)$38,000
• B)$29,000
• C)$70,000
• D)$34,000

---

Definitions:

Covariance

A measure that indicates the extent to which two variables change together. If the greater values of one variable mainly correspond with the greater values of the other variable, and the same holds for the lesser values, the covariance is positive; otherwise, it is negative.

Coefficient Of Correlation

A statistical measure that calculates the strength of the relationship between the relative movements of two variables.

Stronger Correlation

Indicates a more pronounced relationship between two variables, often implied by a correlation coefficient closer to -1 or 1.

Least Squares Regression

A statistical method that minimizes the sum of the squares of the differences between observed and predicted values, used for fitting a linear model to data.