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: The correlation coefficient between Louis's variables is ___.
A)-0.73
B)0.73
C)0.28
D)-0.28
E)0.00

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:   The correlation coefficient between Louis's variables is ___.
A)-0.73 
B)0.73 
C)0.28 
D)-0.28 
E)0.00

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:   The correlation coefficient between Louis's variables is ___.
A)-0.73 
B)0.73 
C)0.28 
D)-0.28 
E)0.00

Louis Tang, a Cost Accountant at Prime Plastics, Inc