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 regression model is ___.
A) y = -0.358 + 3.996x
B) y = 0.358 + 3.996x
C) y = -3.996 + 0.358x
D) y = 3.996 - 0.358x
E) y = 3.996 + 0.358x

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 regression model is ___.
A) y = -0.358 + 3.996x 
B) y = 0.358 + 3.996x 
C) y = -3.996 + 0.358x 
D) y = 3.996 - 0.358x 
E) y = 3.996 + 0.358x

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 regression model is ___.
A) y = -0.358 + 3.996x 
B) y = 0.358 + 3.996x 
C) y = -3.996 + 0.358x 
D) y = 3.996 - 0.358x 
E) y = 3.996 + 0.358x

Louis Katz, a Cost Accountant at Papalote Plastics, Inc