Louis Katz, a cost accountant at Papalote Plastics, Inc. (PPI), is analyzing the manufacturing costs of a molded 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 sample size (n) is ___.
A) 13
B) 14
C) 12
D) 24
E) 1

Question

Louis Katz, a cost accountant at Papalote Plastics, Inc. (PPI), is analyzing the manufacturing costs of a molded 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 sample size (n) is ___.
A) 13 
B) 14 
C) 12 
D) 24 
E) 1

Quizplus · Accepted Answer

The Answer of Louis Katz, a cost accountant at Papalote Plastics, Inc. (PPI), is analyzing the manufacturing costs of a molded 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 sample size (n) is ___.
A) 13 
B) 14 
C) 12 
D) 24 
E) 1

Louis Katz, a Cost Accountant at Papalote Plastics, Inc