Which of the following is an advantage of the high-low method?
A) It enables the analysis to determine whether or not the data points are linear.
B) It is quick and easy to apply.
C) Iit eliminates most of the data points.
D) All data points are used in the analysis.

Question

Quizplus · Accepted Answer

The high-low method is known for its quick and easy application. It involves using just two data points (the highest and lowest values) to estimate a cost function. However, it is important to note that while it is advantageous in terms of speed and simplicity, it may not necessarily provide the most accurate cost function.

Which of the Following Is an Advantage of the High-Low