Question 1
Which of the following represents cross-sectional data?
◦ indirect manufacturing labor costs for the past 5 years
◦ number of machine-hours used for the past 10 years
◦ personnel costs of a month at 10 different organizations
◦ maintenance cost of machine in a plant for the past 3 years
Question 2
Which of the following statements shows a difference between simple regression and multiple regression?
◦ Simple regression uses more than one dependent and independent variables, whereas multiple regression uses only one dependent and independent variable.
◦ Simple regression uses only the independent variables, whereas multiple regression uses only dependent variables.
◦ Simple regression uses only one dependent and one independent variable, whereas multiple regression uses one dependent and more than one independent variable.
◦ Simple regression uses only one dependent variable and more than one independent variables, whereas multiple regression uses more than one dependent variable and only one independent variable.
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