Costing MCQs
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Question 451hard
Statistical method used to measure average change in dependent variable, with respect to change of one unit in independent variable is called
Question 452medium
Line which uses to join observations with lower and highest values of cost driver is called
Question 453hard
A technique which minimizes sum of squared vertical difference, to determine regression line is considered as
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Question 454hard
In Regression Analysis, if an observed cost value is 85 and disturbance error is 25 then predicted cost value will be
Question 455medium
Better fit between estimated cost and actual observations is represented by
Question 456hard
If an unexplained variation is 456870 and total variation is 955000, then coefficient of determination will be
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Question 457hard
In Regression Analysis, testing of assumptions if these are true or not is classified as
Question 458hard
In estimation of cost functions, variations in a single activity level represents the
Question 459hard
An estimated coefficient, which indicates degree by which estimated values are affected by random factors is known as