Explain the meaning of the coefficient of determination in cost estimation
The coefficient of determination is the portion of the dependent variable (cost) explained by the independent variable (cost driver). The value of this coefficient ranges from 0 to 1 . A value of 0 means that the relationship between the two variables is completely random; a value of 1 means that the cost driver completely explains the cost behavior.
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A disadvantage of the ________ is that the marketing researcher is more limited in the quantity and types of information that he or she can obtain
A) telephone interview B) in-office interview C) mall-intercept interview D) in-home interview E) dual data collection
________ refers to an extraneous variable involving changes in the measuring instrument or in the observers or scores themselves
A) Instrumentation B) Statistical regression C) Selection bias D) None of the above
Fun Toyz Corporation makes skateboards, which it sells to consumers, including Gitana. Gitana is injured due to a defect in the board that causes an accident in which Haley, a bystander, is also injured. In a product liability suit based on strict product liability, Fun Toyz may be liable to
A. Gitana and Haley. B. Gitana only. C. Haley only. D. no one.
Suggest strategies for foreign firms to handle issues in the negotiation process in EMs
What will be an ideal response?