The ________ of an employment test is indicated by the extent to which the test scores relate to actual job performance.
A. reliability
B. validity
C. utility
D. dependability
E. generalizability
Answer: B
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If 34,000 units are 80% complete with respect to direct materials, then the equivalent units of production for direct materials are ________. The weighted-average method is used.
A) 34,000 units B) 27,200 units C) 6800 units D) 40,800 units
D. It applies a top-down business approach to engage people in the community.
A. no B. yes C. maybe D. next year
Effective capacity × Efficiency equals:
A) efficient capacity. B) utilization. C) actual capacity. D) expected output. E) design capacity.
The owner of a retail store randomly selected the following weekly data on profits and advertising cost. Week Advertising Cost ($) Profit ($) 1 0 200 2 50 270 3 250 420 4 150 300 5 125 325 ? a.Write down the appropriate linear relationship between advertising cost and profits. Which variable is the dependent variable? Which variable is the independent variable?b.Develop the least squares estimated regression equation.c.Predict the profits for a week when $200 is spent on advertising.d.Using a t test at the 5% level of significance, test to determine if the relationship between advertising costs and profits is statistically significant.e.Calculate the coefficient of determination.
What will be an ideal response?