The visual fit method is the most objective way to fit a line to cost data.The visual fit method is very subjective and not very exact.

Question

Quizplus · Accepted Answer

The statement is false as the two parts are contradictory. The first part states that the visual fit method is the most objective way to fit a line to cost data, while the second part states that it is very subjective and not very exact. In reality, the visual fit method is subjective and can vary depending on the individual interpreting the data. Other methods such as regression analysis and least squares method are generally considered more objective and precise.

The Visual Fit Method Is the Most Objective Way to Fit