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.Which slope and intercept parameters are not significant at the 0.05 level?
A)intercept
B)setup hours
C)number of parts
D)standard error

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.Which slope and intercept parameters are not significant at the 0.05 level?
A)intercept 
B)setup hours 
C)number of parts 
D)standard error

Quizplus · Accepted Answer

The standard error is not a parameter but a measure of the variability of the estimate, so it is not tested for significance.

The Following Computer Printout Estimated Overhead Costs Using Multiple Regression