Narrative 5-1
The following question(s)refer to the this equation analyzing the relationship of total cost to changes in machine hours.The following relationship was determined:
TC = $2,200 + $3X
Refer to Narrative 5-1.The above equation was probably found through the use of which of the following mathematical techniques?
A)Linear programming
B)Multiple regression analysis
C)Simple Regression analysis
D)Dynamic programming

Question

Quizplus · Accepted Answer

The given equation is a simple linear regression equation, which shows the relationship of total cost and machine hours. Simple regression analysis is a mathematical technique used to determine the relationship between two variables. Hence, option C is the correct choice, and the other options are not related to the given equation.

Narrative 5-1 The Following Question(s)refer to the This Equation Analyzing the Relationship