A cost accountant is developing a regression model to predict the total cost of producing a batch of printed circuit boards as a linear function of batch size (the number of boards produced in one lot or batch), production plant (Kingsland, and Yorktown), and production shift (day, and evening).The response variable in this model is ______.
A)batch size
B)production shift
C)production plant
D)total cost
E)variable cost

Question

Quizplus · Accepted Answer

The response variable in a regression model is the outcome or dependent variable that the model is trying to predict. In this scenario, the model aims to predict the "total cost" of producing a batch of printed circuit boards, making it the response variable.

A Cost Accountant Is Developing a Regression Model to Predict