The Results of the Regression Analysis to Estimate Delivery Costs

question 63

Multiple Choice

The results of the regression analysis to estimate delivery costs are as follows
Which of the following statements represent a valid conclusion based on the above regression analysis output?

• A) 54.4% of transportation cost can be explained by the "number of cargos.
• B) The F-statistic is considered significant;therefore,the relationship in the regression is unlikely to happen by chance.
• C) The p-value associated with the intercept suggests that the delivery costs are entirely variable.
• D) Given the t-statistic,number of cargos is a poor cost driver of delivery cost.

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Definitions:

Indorser

A person who signs a negotiable instrument, such as a check, over to someone else, thereby making the recipient the legal owner of the document.

Secondary Liability

Legal responsibility of a third party for acts of another when that party has indirect involvement or benefits from the wrongful acts.

Without Recourse

A term indicating that the holder of a financial instrument cannot demand payment from the originator if the primary obligor defaults.

Holder In Due Course

A legal term for someone who has acquired a negotiable instrument in good faith for value and without notice of any defect.