A cost accountant is developing a regression model to predict the total cost of producing a batch of printed circuit boards as a linear function of batch size (the number of boards produced in one lot or batch), production plant (Kingsland, and Yorktown), and production shift (day, and evening).In this model, "batch size" is ______.
A)a response variable
B)an indicator variable
C)a dependent variable
D)a qualitative variable
E)an independent variable

Question

Quizplus · Accepted Answer

In this context, "batch size" is an independent variable because it is used to predict the total cost of producing a batch of printed circuit boards, making it the variable that influences the outcome (total cost) rather than being influenced by it.

A Cost Accountant Is Developing a Regression Model to Predict