The Total of All Outputs Produced by the Transformation Process

question 92

Multiple Choice

The total of all outputs produced by the transformation process divided by the total of the inputs is

• A) utilization.
• B) greater in manufacturing than in services.
• C) defined only for manufacturing firms.
• D) multifactor productivity.
• E) effectiveness.

---

Definitions:

SST

Total Sum of Squares; a measure that quantifies the total variance in the dependent variable that is to be explained by the independent variable(s) in a model.

SSE

Stands for the Sum of Squared Errors, a measure used in statistics to describe the discrepancy between the data and an estimation model.

Critical Value

A point on the scale of the test statistic beyond which the null hypothesis is rejected.

Independent Variables

Variables in an experiment or model that are manipulated or changed to assess their effect on dependent variables.