Figure 3-7
The following computer printout estimated overhead costs using regression:
Please find the following statistical table
During the last accounting period 10,000 DLH were worked
.
-Refer to Figure 3-7. Find the t-value for a 90 percent confidence level.
A) 1.740
B) 1.753
C) 6.314
D) 2.920

Question

Figure 3-7
The following computer printout estimated overhead costs using regression:
   Please find the following statistical table
  During the last accounting period 10,000 DLH were worked
.
-Refer to Figure 3-7. Find the t-value for a 90 percent confidence level.
A) 1.740 
B) 1.753 
C) 6.314 
D) 2.920

Quizplus · Accepted Answer

The t-value for a 90 percent confidence level with 8 degrees of freedom (n-2) is 1.753, which can be found in the t-distribution table.

Figure 3-7 The Following Computer Printout Estimated Overhead Costs Using Regression