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 the figure.What are the degrees of freedom for the model?
A)157
B)158
C)159
D)160

Question

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 the figure.What are the degrees of freedom for the model?
A)157 
B)158 
C)159 
D)160

Quizplus · Accepted Answer

The degrees of freedom for a model is typically calculated as the number of observations minus the number of parameters estimated. Without additional context, it's assumed that the figure or context provided indicates 158 observations and 1 parameter estimated, resulting in 157 degrees of freedom.

The Following Computer Printout Estimated Overhead Costs Using Multiple Regression