What would be the independent variable in a regression determining "How are firm overhead costs dependent on the time for production?" at a manufacturing company?
A) Indirect material costs
B) Direct material costs
C) Machine hours
D) Overhead costs

Question

Quizplus · Accepted Answer

The independent variable is the factor that is manipulated or varied to see its effect on another variable. In this case, "machine hours" (C) represents the "time for production," which is the variable being manipulated to observe its effect on firm overhead costs.

What Would Be the Independent Variable in a Regression Determining