Wang Manufacturing uses regression analysis to predict manufacturing overhead costs based on labor-hours and/or machine-hours and has
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Which regression would you choose and why?
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SE R-squared t-values Regression 1 33,844 0.55 Regression 2 45,383 0.35 Regression 3 31,044 0.58 2.3 Labor-hours Machine-hours 1.9 0.8 1.1
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Regression one uses only labor hours regression two uses only machine hours and regression uses them ...View the full answer
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I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
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Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
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