. In short, describe Medicare, the cost to the individual and government, and in your opinion is Medicare for all a good idea.
In: Economics
People in the aerospace industry believe the cost of a space project is a function of the mass of the major object being sent into space. Use the following data to develop a regression model to predict the cost of a space project by the mass of the space object. Determine r2 and se. Weight (tons) Cost ($ millions) 1.897 $ 53.6 3.019 184.0 0.453 6.4 0.967 23.5 1.058 34.1 2.100 110.4 2.371 104.6 *(Do not round the intermediate values. Round your answers to 4 decimal places.) **(Round the intermediate values to 4 decimal places. Round your answer to 3 decimal places.) ŷ = enter a number rounded to 4 decimal places * + enter a number rounded to 4 decimal places * x r2 = enter a number rounded to 3 decimal places ** se = enter a number rounded to 3 decimal places **
In: Statistics and Probability
An important application of regression analysis in accounting is
in the estimation of cost. By collecting data on volume and cost
and using the least squares method to develop an estimated
regression equation relating volume and cost, an accountant can
estimate the cost associated with a particular manufacturing
volume. Consider the following sample of production volumes and
total cost data for a manufacturing operation.
| Production Volume (units) | Total Cost ($) |
| 400 | 4,200 |
| 450 | 5,200 |
| 550 | 5,600 |
| 600 | 6,100 |
| 700 | 6,600 |
| 750 | 7,200 |
In: Statistics and Probability
1
Which of the following illustrates a purpose for allocating costs to cost objects?
A) to defer income and reduce taxes payable
B) to determine employee benefit costs
C) to motivate employees
D) to provide information for economic decisions
e) to reduce competition
2
The belief that corporate division with higher sales out to be allocated more of the company's advertising costs because it must of derived more benefit from the expenditures then a division with lower sales, is an example of which criteria for cost allocations decisions
A) fairness and equality
B) benefits receivied
C) cause and effect
D) ability to bear
E) benefits expended
3
Which cost allocation method differentiates between variable and fixed costs?
A) Heterogenous method
B) Single-rate method
C) variable method
D) Dual rate method
E) fixed rate method
In: Accounting
Which of the following is an appropriate definition of reduced cost?
| The amount by which a constraint right-hand side must increase in order to get a unit increase in the objective function. |
| The amount an objective function coefficient must change in order for its associated decision variable to take on a value above its lower bound (0 in most cases). |
| The amount by which the objective function will change if a constraint right-hand-side is increased by one unit. |
| The amount by which a constraint right-hand-side must change in order to get the associated decision variable to take on a value above its lower bound. |
In: Finance
An important application of regression analysis in accounting is
in the estimation of cost. By collecting data on volume and cost
and using the least squares method to develop an estimated
regression equation relating volume and cost, an accountant can
estimate the cost associated with a particular manufacturing
volume. Consider the following sample of production volumes and
total cost data for a manufacturing operation.
| Production Volume (units) | Total Cost ($) |
| 400 | 4,100 |
| 450 | 5,100 |
| 550 | 5,500 |
| 600 | 6,000 |
| 700 | 6,500 |
| 750 | 7,100 |
In: Statistics and Probability
An important application of regression analysis in accounting is
in the estimation of cost. By collecting data on volume and cost
and using the least squares method to develop an estimated
regression equation relating volume and cost, an accountant can
estimate the cost associated with a particular manufacturing
volume. Consider the following sample of production volumes and
total cost data for a manufacturing operation.
| Production Volume (units) | Total Cost ($) |
| 400 | 4,400 |
| 450 | 5,400 |
| 550 | 5,800 |
| 600 | 6,300 |
| 700 | 6,800 |
| 750 | 7,400 |
In: Statistics and Probability
An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. Consider the following sample of production volumes and total cost data for a manufacturing operation.
Production Volume (units) Total Cost ($)
| 400 | 5000 |
| 450 | 6000 |
| 550 | 6400 |
| 600 | 6900 |
| 700 | 7400 |
| 750 | 8000 |
In: Statistics and Probability
An important application of regression analysis in accounting
is in the estimation of cost. By collecting data on volume and cost
and using the least squares method to develop an estimated
regression equation relating volume and cost, an accountant can
estimate the cost associated with a particular manufacturing
volume. Consider the following sample of production volumes and
total cost data for a manufacturing operation.
|
In: Statistics and Probability
An important application of regression analysis in accounting is
in the estimation of cost. By collecting data on volume and cost
and using the least squares method to develop an estimated
regression equation relating volume and cost, an accountant can
estimate the cost associated with a particular manufacturing
volume. Consider the following sample of production volumes and
total cost data for a manufacturing operation.
| Production Volume (units) | Total Cost ($) |
| 400 | 3,500 |
| 450 | 4,500 |
| 550 | 4,900 |
| 600 | 5,400 |
| 700 | 5,900 |
| 750 | 6,500 |
In: Statistics and Probability