Simple regression analysis provides the means to evaluate a line of regression which is fitted to a plot of data and represents

Question $8$Select one:

A$.$

the way costs change in respect to the independent variable.

B$.$

the variability of expense with dollars of production.

C$.$

the estimated variability in costs.

D$.$

the way costs change in respect to the dependent variable.

E$.$

the variability of expense with dollars of operation.

Question $9$

Not yet answered

Marked out of $1\mathrm{.}00$

Flag question

Question text

For a fast$-$food restaurant the average waiting time might be formulated as which of the following equations?

Question $9$Select one:

A$.$

$[($average number of customers$)\backslash$times $($average serving time$)]/$capacity

B$.$

C$.$

D$.$

E$.$

$[($average number of employees$)\backslash$times $($average serving time$)]/$serving time

Question $10$

Not yet answered

Marked out of $1\mathrm{.}00$

Flag question

Question text

Which cost estimation method would be described as a formal method to fit linear cost functions to past data observations?

Question $10$Select one:

A$.$

the departmental analysis method

B$.$

the account analysis method

C$.$

the industrial$-$engineering method

D$.$

the conference method

E$.$

the quantitative analysis method