After the observations of cost and production data are plotted on graph paper,a line is drawn by visual inspection representing the trend shown by most of the data points using the:
A)Observation method.
B)High-low method.
C)Method of least squares.
D)Scattergraph method.

Question

Quizplus · Accepted Answer

The scattergraph method involves plotting the data points on a graph and visually drawing a line that represents the trend shown by most of the data points. This is the most appropriate method in this scenario. The other methods listed (observation, high-low, and least squares) involve more complex calculations and are not necessary for simple trend analysis.

After the Observations of Cost and Production Data Are Plotted