Which of the Following Is True of the R-Squared Statistic

question 14

Multiple Choice

Which of the following is true of the R-squared statistic?

• A) It measures the slope of the regression equation.
• B) It measures the proportion of the variation of the dependent variable left unexplained by the multiple-regression equation.
• C) It measures the total variation in the dependent variable induced by changes in the explanatory variables.
• D) It is the standard error of the coefficient associated with an independent variable.
• E) It measures the proportion of the variation of the dependent variable explained by the multiple-regression equation.

Recognize external failure costs from a schedule of activity costs.

Analyze the effects of batch size changes on value-added, non-value-added, and total lead times.

Understand the components of a cost of quality report including prevention and appraisal costs.

Compute the percentage of non-value-added activities.