Figure 3-8 The following computer printout estimated overhead costs using multiple regression:
During the year the company used 1,000 setup hours and 500 parts.
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Refer to Figure 3-8.Which slope and intercept parameters are significant at the 0.05 level?
A) intercept
B) setup hours
C) number of parts
D) all of these

Question

Figure 3-8 The following computer printout estimated overhead costs using multiple regression:
 During the year the company used 1,000 setup hours and 500 parts.
-
Refer to Figure 3-8.Which slope and intercept parameters are significant at the 0.05 level?
A) intercept 
B) setup hours 
C) number of parts 
D) all of these

Quizplus · Accepted Answer

All three parameters (intercept, setup hours, and number of parts) are significant at the 0.05 level as shown by the p-values in the "Coefficients" section.

Figure 3-8 the Following Computer Printout Estimated Overhead Costs Using