amberpetty710 amberpetty710

06-06-2023
Business

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ort plc estimates overhead costs using linear regression analysis of the form y = a + bx where y represents monthly factory overhead costs and x represents mont
Computed values include the following
Correlation coefficient 0.8
Standard error (deviation) of the regression coefficient,b 0.18
For the regression, which of the following represents the percentage of the variance of overhead costs explained by the variance of direct labour hours?
A. 64%
B. 18%
C. 80%
D. 62%

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