With the high-low method,the most accurate way to measure the intercept and slope for a cost function is to ________.
A) plot the data points and draw a line
B) plot the data points, identify the high and low points and draw a line between the high and low points
C) plot the data points and draw a straight line through the points as close as possible to all the points
D) use algebra using the two data points with the highest and lowest activity levels

Question

Quizplus · Accepted Answer

The high-low method involves using the data points with the highest and lowest activity levels to calculate the slope and intercept of the cost function. This can be done using algebraic equations, making option D the most accurate method. The other options may not provide the most precise calculations and can lead to inaccuracies.

With the High-Low Method,the Most Accurate Way to Measure the Intercept