Using regression, Strawstyle Company's accountant prepared the following computer printout to estimate overhead costs: Parameter Intercept Dih R Square (R²) Standard Error (Se) Observations Estimate 105.45 15.05 the slope is 15.05. the slope is significant. t for Ho Parameter 0 5.85 5.75 0.85 29.05 25 Pr>t 0.0005 0.0051 Standard Error of Parameter 25.85 2.05 During the last accounting period 18,000 direct labor hours were worked. The coefficient of determination in this model tells us that the intercept is 105.45. 85% of the variation in the overhead variable is explained by direct labor hours.
Using regression, Strawstyle Company's accountant prepared the following computer printout to estimate overhead costs: Parameter Intercept Dih R Square (R²) Standard Error (Se) Observations Estimate 105.45 15.05 the slope is 15.05. the slope is significant. t for Ho Parameter 0 5.85 5.75 0.85 29.05 25 Pr>t 0.0005 0.0051 Standard Error of Parameter 25.85 2.05 During the last accounting period 18,000 direct labor hours were worked. The coefficient of determination in this model tells us that the intercept is 105.45. 85% of the variation in the overhead variable is explained by direct labor hours.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 94E
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