An assumption of specification analysis states: any observation does not belong to any other observation’s residual value, is classified as ___________?

Related Mcqs:

1. An assumption of specification analysis, which states all the values of residuals which are uniformly scattered around regression line is classified as __________?

   A. abnormality of residuals
   B. normality of regression
   C. normality of residuals
   D. abnormality of regression

2. In the ‘specification analysis’, the assumptions related to residuals states must be __________?

   A. worst
   B. independent
   C. dependent
   D. good

3. In the specification analysis, the assumptions related to linearity states but linearity must be within ____________?

   A. irrelevant range
   B. relevant range
   C. significant range
   D. insignificant range

4. If the difference between costs linked to highest and lowest observation of cost driver is $27000 and observation of cost driver is 90 machine hours, then slope coefficient would be ____________?

   A. $800
   B. $400
   C. $300
   D. $600

5. If the difference between costs linked to highest and lowest observation of cost driver is $36000 and observation of cost driver is 30 machine hours, then slope coefficient would be __________?

   A. $1,200
   B. $1,400
   C. $1,600
   D. $1,800

6. If the difference between costs linked to highest and lowest observation of cost driver, is $8000 and observation of cost driver is 40 machine hours, then slope coefficient will be _____________?

   A. $16,000
   B. $200
   C. $400
   D. $20,000

7. If the residual error is 51 and the predicted cost value is 37, then the observed cost value will be ___________?

   A. 14
   B. 88
   C. 24
   D. 68

8. The cost analysis method, which uses mathematical method to use fit between past data observations and cost functions is termed as ___________?

   A. quantitative analysis method
   B. qualitative analysis method
   C. account analysis method
   D. conference analysis method

9. If the residual error is 35 and the predicted cost value is 20, then the observed cost value will be _________?

   A. 55
   B. 15
   C. 65
   D. 85

10. If the residual error is 25 and the predicted cost value is 50, then the observed cost value would be ______________?

    A. 100
    B. 25
    C. 50
    D. 75