The statistician of Sir K has developed the following cost-prediction equation, using observations from 12,000 to...
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The statistician of Sir K has developed the following cost-prediction equation, using observations from 12,000 to 30,000 machine hours: Y = P 236,837 +3.7625X R-squared = 0.81 Standard error = P 24,363 Several 'outliers' are noted within tolerable limits . . . Y (dependent variable) = total maintenance cost • X (independent variable) = machine hours 30-A. What percentage of the variation in maintenance costs is explained by the independent variable? . 30-B. Compute the estimated maintenance cost at 20,000 machine hours. The statistician of Sir K has developed the following cost-prediction equation, using observations from 12,000 to 30,000 machine hours: Y = P 236,837 +3.7625X R-squared = 0.81 Standard error = P 24,363 Several 'outliers' are noted within tolerable limits . . . Y (dependent variable) = total maintenance cost • X (independent variable) = machine hours 30-A. What percentage of the variation in maintenance costs is explained by the independent variable? . 30-B. Compute the estimated maintenance cost at 20,000 machine hours.
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Related Book For
Management Accounting
ISBN: 978-0132570848
6th Canadian edition
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
Posted Date:
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