The Method of Cost Estimation That Minimises the Sum of the Squared

question 51

Multiple Choice

The method of cost estimation that minimises the sum of the squared deviations between the cost line and the data points is:

• A) least squares regression.
• B) visual fit.
• C) account classification.
• D) None of the given answers

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Definitions:

Health Insurance Portability

A feature of health insurance policies that allows individuals to transfer their policy from one insurer to another without losing benefits.

Breach of Confidentiality

The unauthorized disclosure of private information or secrets, especially with regard to personal health information.

Accountability Act

Legislation that sets standards or requirements for entities to be responsible for their actions, often pertaining to the safeguarding of personal data or ensuring professional conduct.

Standards of Care

Accepted methods and practices a healthcare practitioner follows for treating a patient, which are considered acceptable by peer professional organizations.