Louis Tang, a cost accountant at Prime Plastics, Inc.(PPI), is analyzing the manufacturing costs of a moulded plastic telephone handset produced by PPI.Louis's independent variable is production lot size (in 1,000's of units), and his dependent variable is the total cost of the lot (in $100's).Regression analysis of the data yielded the following tables: Louis's regression model is ___.
A)y = -0.358 + 3.996x
B)y = 0.358 + 3.996x
C)y = -3.996 + 0.358x
D)y = 3.996 - 0.358x
E)y = 3.996 + 0.358x

Question

Louis Tang, a cost accountant at Prime Plastics, Inc.(PPI), is analyzing the manufacturing costs of a moulded plastic telephone handset produced by PPI.Louis's independent variable is production lot size (in 1,000's of units), and his dependent variable is the total cost of the lot (in $100's).Regression analysis of the data yielded the following tables:   Louis's regression model is ___.
A)y = -0.358 + 3.996x 
B)y = 0.358 + 3.996x 
C)y = -3.996 + 0.358x 
D)y = 3.996 - 0.358x 
E)y = 3.996 + 0.358x

Quizplus · Accepted Answer

The Answer of Louis Tang, a cost accountant at Prime Plastics, Inc.(PPI), is analyzing the manufacturing costs of a moulded plastic telephone handset produced by PPI.Louis's independent variable is production lot size (in 1,000's of units), and his dependent variable is the total cost of the lot (in $100's).Regression analysis of the data yielded the following tables:   Louis's regression model is ___.
A)y = -0.358 + 3.996x 
B)y = 0.358 + 3.996x 
C)y = -3.996 + 0.358x 
D)y = 3.996 - 0.358x 
E)y = 3.996 + 0.358x

Louis Tang, a Cost Accountant at Prime Plastics, Inc