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 (Kitchener and Hamilton), and production shift (day and evening).The response variable in this model is ___.
A)batch size
B)production shift
C)production plant
D)total cost
E)variable cost

Question

Quizplus · Accepted Answer

The response variable in this model is the total cost of producing a batch of printed circuit boards, which is the variable being predicted or explained by the independent variables (batch size, production plant, and production shift). Therefore, the correct answer is D, total cost.

A Cost Accountant Is Developing a Regression Model to Predict