Figure 3-8 The following computer printout estimated overhead costs using multiple regression:
During the year the company used 1,000 setup hours and 500 parts.
Refer to Figure 3-8. Which slope and intercept parameters are significant at the 0.05 level?
A) intercept
B) setup hours
C) number of parts
D) all of the above

Question

Figure 3-8 The following computer printout estimated overhead costs using multiple regression:
 During the year the company used 1,000 setup hours and 500 parts.
Refer to Figure 3-8. Which slope and intercept parameters are significant at the 0.05 level?
A) intercept 
B) setup hours 
C) number of parts 
D) all of the above

Quizplus · Accepted Answer

All of the parameters (intercept, setup hours, and number of parts) are significant at the 0.05 level, as indicated by the "Sig." column with values less than 0.05 for all coefficients.

Figure 3-8 the Following Computer Printout Estimated Overhead Costs Using