Which of These Quantitative Methods Will Separate a Semi-Variable Mixed

question 21

Multiple Choice

Which of these quantitative methods will separate a semi-variable mixed cost into its fixed and variable components with the highest degree of precision?

• A) High-low method
• B) Simplex method
• C) Linear regression method
• D) Visual fit method

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Definitions:

Independent SRSs

Independent Simple Random Samples; a sampling technique where each subset of the population has an equal probability of being chosen, and the selections are made independently of each other.

Normally Distributed

Describing a data set where the observations are symmetrically distributed around the mean, forming a bell-shaped curve.

SSE

SSE, or Sum of Squares Error, is a measure used in statistics to describe the amount of variation or deviation of sample values from the fitted values in a model.

F Statistic

The F statistic is used in statistical testing to compare the variances among group means to decide if they significantly differ from each other.