This topic contains a solution. Click here to go to the answer

Author Question: The H.W. Grant Corporation used regression analysis to predict the annual cost of indirect ... (Read 52 times)

Capo

  • Hero Member
  • *****
  • Posts: 545

Question 1

The coefficient of determination is important in explaining variances in estimating equations. For a certain estimating equation, the unexplained variation was given as 22,000. The total variation was given as 55,000. What is the coefficient of determination for the equation?
◦ 2.50
◦ 0.40
◦ 0.60
◦ 1.40

Question 2

The H.W. Grant Corporation used regression analysis to predict the annual cost of indirect materials. The results were as follows: 

 Indirect Materials Cost Explained by Units Produced
Constant$15,640
Standard error of Y estimate$3,600
r20.7704
Number of observations22
X coefficient(s)11.25
Standard error of coefficient(s)2.19

What is the cost estimation equation?
◦ Y = $15,640 + $11.25X
◦ Y = $3,600 + $8.67X
◦ Y = $19,240 + $5.14X
◦ Y = $12,040 + $11.25X


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Capo on Mar 6, 2021

sierrahalpin

  • Sr. Member
  • ****
  • Posts: 329
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly




Capo

  • Member
  • Posts: 545
Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)


bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Excellent

 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

The average adult has about 21 square feet of skin.

For a complete list of videos, visit our video library