Which is correct?
a. The poet Ted Kooser is well known among writers.
b. The poet Ted Kooser is well-known among writers.
a
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Victoria is a budget analyst at Young Industries. She used the least squares regression method to separate the plant's monthly utilities cost into its fixed and variable components. The results were as follows: Y = 3,250 + .054 X X = the number of units produced R2 = .892 How should Victoria interpret the R2 of .892?
a. The equation is a better predictor of fixed costs than of variable costs 89.2% of the time. b. The equation will accurately predict utility costs 89.2% of the time. c. Fixed costs make up 89.2% of the total semi-variable cost in any given month. d. The number of units produced explains 89.2% of the variation in the plant utilities cost.
Scenario B. Three students-Bernardo, Astrid, and Rajiv-are discussing how to improve efficiency in a manufacturing context. Bernardo says that the company must work toward achieving lower costs per unit of production. Rajiv believes that the company should use the same resources to make more related products. Astrid holds that avoiding the costs of growing too large and creating waste will improve efficiency.When he says that the company should use the same resources to make more related products, Rajiv is calling for
A. diseconomies of scale. B. economies of scale. C. economies of size. D. diseconomies of scope. E. economies of scope.
The most frequently occurring value of a data set is called the
A. midrange. B. mode. C. mean. D. median.
Henriette offers financial counseling and management on a fee-only basis. She has found that different customers are willing to pay different rates for her services. This shows that her pricing decisions should depend primarily on
A. how different customers perceive the value of her services. B. changes in the economy. C. changes in technology allowing consumers to manage their own affairs. D. choosing an average price that she will charge all her clients. E. how much her competitors charge for similar services.