Exam (elaborations)
GB 513 Unit4 Quiz / GB513 Unit4 Quiz: LATEST
- Course
- Institution
GB 513 Unit4 Quiz / GB513 Unit4 Quiz: LATESTGB 513 Unit4 Quiz / GB513 Unit4 Quiz: LATESTGB 513 Unit4 Quiz / GB513 Unit4 Quiz: LATEST
[Show more]
Seller
Follow
WALDENEXAMS
Reviews received
Content preview
QuizQuestion 1 (2 points)
Saved
According to the following graphic, X and Y have:
Question 1 options:
1) strong negative correlation
2) virtually no correlation
3) strong positive correlation
4) moderate negative correlation
5) weak negative correlation
Question 2 (2 points)
Saved
A cost accountant is developing a regression model to predict the total cost
of producing a batch of printed circuit boards as a function of batch size
(the number of boards produced in one lot or batch). The independent variable
is:
Question 2 options:
1) batch size
2) unit variable cost
3) fixed cost
, 4) total cost
5) total variable cost
Question 3 (2 points)
Saved
A cost accountant is developing a regression model to predict the total cost
of producing a batch of printed circuit boards as a linear function of batch
size (the number of boards produced in one lot or batch). The intercept of
this model is the:
Question 3 options:
1) batch size
2) unit variable cost
3) fixed cost
4) total cost
5) total variable cost
Question 4 (2 points)
Saved
If x and y in a regression model are totally unrelated:
Question 4 options:
1) the correlation coefficient would be -1
2) the coefficient of determination would be 0
3) the coefficient of determination would be 1
4) the SSE would be 0
5) the MSE would be 0s
Question 5 (2 points)
A manager wishes to predict the annual cost (y) of an automobile
based on the number of miles (x) driven. The following model was
developed: y = 1,550 + 0.36x.
If a car is driven 10,000 miles, the predicted cost is:
Question 5 options:
1) 2,090
2) 3,850
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller WALDENEXAMS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80467 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now