If all the points of a scatter diagram lie on the least squares regression line, then the coefficient of determination for these variables based on these data
A. is 0.
B. is 1.
C. is either 1 or -1, depending upon whether the relationship is positive or negative.
D. could be any value between -1 and 1.
Answer: B
You might also like to view...
A revenue expenditure results in a
a. debit to an expense account. b. credit to an expense account. c. debit to an asset account. d. credit to an asset account.
Which of the following is the understanding that innovation occurs in phases and intrinsic motivation may be more important during the idea generation phase?
A. extrinsics in service of intrinsics B. intrinsics in service of extrinsics C. creative modeling D. motivation-work cycle
The goal of relationship marketing is to gain additional customers
Indicate whether the statement is true or false
Milar Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 7.7pounds$4.00per poundDirect labor 0.1hours$20.00per hourVariable overhead 0.1hours$4.00per hour?In January the company produced 2,000 units using 16,060 pounds of the direct material and 210 direct labor-hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $65,910. The actual direct labor cost was $4,473 and the actual variable overhead cost was $756.?The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.?The variable overhead efficiency variance for January is:
A. $40 U B. $36 U C. $40 F D. $36 F