QuestionJuly 14, 2025

Which of the following is a benefit of linear regression analysis? A Linear regression analysis can be used to help predict costs at various levels of output. B Linear regression analysis assumes the relationship between the dependent variable and independent variable is linear. C Linear regression analysis can be used to predict performance that is within the range of data used to develop the regression equation. D Linear regression analysis can be used to estimate the time and cost to perform an activity under the assumption that people become more efficient the more times they perform the task.

Which of the following is a benefit of linear regression analysis? A Linear regression analysis can be used to help predict costs at various levels of output. B Linear regression analysis assumes the relationship between the dependent variable and independent variable is linear. C Linear regression analysis can be used to predict performance that is within the range of data used to develop the regression equation. D Linear regression analysis can be used to estimate the time and cost to perform an activity under the assumption that people become more efficient the more times they perform the task.
Which of the following is a benefit of linear regression analysis?
A
Linear regression analysis can be used to help predict costs at various levels of output.
B
Linear regression analysis assumes the relationship between the dependent variable and
independent variable is linear.
C
Linear regression analysis can be used to predict performance that is within the range of data
used to develop the regression equation.
D
Linear regression analysis can be used to estimate the time and cost to perform an activity
under the assumption that people become more efficient the more times they perform the task.

Solution
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Answer

A and C Explanation 1. Identify the benefits of linear regression Linear regression is used to predict outcomes based on input variables, assuming a linear relationship. It helps in forecasting and estimating within the data range. 2. Evaluate each option A: Correct. Linear regression predicts costs at different output levels. B: Incorrect. This is an assumption, not a benefit. C: Correct. It predicts performance within the data range. D: Incorrect. This describes learning curves, not linear regression.

Explanation

1. Identify the benefits of linear regression<br /> Linear regression is used to predict outcomes based on input variables, assuming a linear relationship. It helps in forecasting and estimating within the data range.<br /><br />2. Evaluate each option<br /> A: Correct. Linear regression predicts costs at different output levels.<br /> B: Incorrect. This is an assumption, not a benefit.<br /> C: Correct. It predicts performance within the data range.<br /> D: Incorrect. This describes learning curves, not linear regression.
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