Simple linear regression analysis provides the means to evaluate a line of regression which is fitted to a plot of data and represents
A) the way costs change in respect to the predictor variable.
B) the way costs change in respect to the outcome variable.
C) the variability of expense with dollars of operation.
D) the variability of expense with dollars of production.
E) the estimated variability in costs.

Question

Quizplus · Accepted Answer

Simple linear regression evaluates how the dependent variable (costs) changes with respect to the independent variable (predictor variable).

Simple Linear Regression Analysis Provides the Means to Evaluate a Line