Multiple Choice
Which of the following is an advantage of using the scatterplot method over the high-low method to estimate costs?
A) It is a statistical method to determine the "best fit."
B) A cost analyst can review the data visually and eliminate outliers.
C) The cost formula relies on the objective judgment of the analyst.
D) The cost formula can be determined simply by looking at two points of data.
Correct Answer:
Verified
Correct Answer:
Verified
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