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    Cost Accounting Regression Problem

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    Please compute the following problem

    Use the following table for your problem. X = annual net
    income ($ thousands) and Y = annual food expenditures
    ($ hundreds). The letters A through J represent the
    different families. For example family A has annual income of $8,000 and spends $2,200 on food annually.

    Family Y X
    A 22 8
    B 23 10
    C 18 7
    D 9 2
    E 14 4
    F 20 6
    G 21 7
    H 18 6
    I 16 4
    J 19 6

    ACCT321 Chapter Ten Outline Concluded: Page 16 of 16

    Required Portion of Problem

    1. Compute "a" and "b" for the regression formula. Then show the regression formula. Show all your computations in detail using the applicable formulas.

    2. Compute the Coefficient of Determination. Be sure to show all of your computations in detail using the applicable formulas.

    3. Compute the Coefficient of Correlation. Be sure to show all of your computations in detail using the applicable formulas.

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    https://brainmass.com/business/management-accounting/cost-accountiung-regression-problem-10524

    Solution Summary

    The cost accounting for regression problems are examined. The annual food expenditures are given.

    $2.49

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