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erastova
3 months ago
8

Which method of analysis does not classify variables as dependent or independent?

Business
2 answers:
soldi70 [3.6K]3 months ago
6 0

Answer:

C) cluster analysis

Explanation:

Regression analysis. This type of analysis identifies how two variables relate to each other, where one variable (X) is predetermined (dependent) and not random, whereas the second variable (U) is treated as independent and random. The unpredictability of U can arise from two factors: first, the measurement of U, which relies on X, can be subjected to errors; second, U could also be influenced by external factors that are outside of our control, in addition to its dependency on the corresponding X value. In such cases, it's necessary to discuss how the distribution of the random variable U correlates with each value of X. The primary objective of regression analysis is to establish a mathematical model that considers various factors affecting a physical process, making use of experimental data to assess its reliability. The least squares method is commonly applied to evaluate how well the mathematical model aligns with the experimental data.

Discriminant analysis involves a statistical method, commonly applied in pattern recognition and machine learning, to identify a linear combination of features that can delineate or categorize multiple classes or events. This linear combination can function as a classifier and is frequently used to condense data before classification occurs. LDA shares a close relationship with variance analysis (ANOVA) and regression analysis, which relate a dependent variable to other characteristics or dimensions in a linear fashion. However, discriminant analysis uses continuous independent variables to predict a qualitative dependent variable, whereas ANOVA pertains to qualitative independent variables with a continuous dependent variable.

Cluster analysis is aimed at the categorization of multiple items into groups based on shared features. The objects within a single cluster should demonstrate more similarity to each other than to those in different clusters. Clustering represents a key challenge in data analysis and is a frequently utilized method for statistical data evaluation. It finds applications in fields such as machine learning, image analysis, data retrieval, bioinformatics, data compression, and computer graphics.

One-way analysis of variance (ANOVA) assesses the significance of differences among three or more independent means within a normally distributed dataset. It focuses solely on comparing the average values across these groups; ANOVA results indicate significance if at least one of these comparisons shows significance. Its relevance lies in connection to regression analysis, where both dependent and independent variables are established.

Katen [3.5K]3 months ago
5 0

Answer:

Cluster analysis does not differentiate between dependent and independent variables.

The correct answer is C

Explanation:

Regression focuses on exploring the connections between multiple variables. It analyzes the relationship that exists between dependent and independent variables.

Discriminant analysis serves as a method for researchers to evaluate the relationship between a dependent variable and one or more independent variables.

Cluster analysis is primarily utilized for exploratory research and does not involve the classification of dependent and independent variables.

The analysis of variance is used to determine how independent variables impact the dependent variable in the context of regression analysis.

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Taylor Industries had a fire and some of its accounting records were destroyed. Available information is presented below for the
Scilla [3833]

Answer:

Materials inventory on December 1 recorded at $9,900

Direct Labor recorded at $40,040

Factory Overhead noted at $60,060

Cost of goods sold was $117,000

Explanation:

Materials inventory on December 1 equals $9,900

Direct materials acquired total 28,000

Materials inventory by December 31 amounts to $15,000

Direct materials utilized is 22,900

Direct Labor summed to $40,040

Factory Overhead totaled $60,060

Conversion Costs total $100,100

Overall Manufacturing Costs amounted to $123,000

Work in process inventory has risen by $12,000

Cost of goods manufactured is reported at $135,000

Finished goods inventory has decreased by $18,000 over the year

Cost of goods sold is $117,000

Calculating

Conversion costs are calculated as = Direct Labor + Factory Overhead

100,100 = 100 % + 150%

100,100= 100x + 150x

100,100= 250 x

x= 100,100/250

x= 400.4

Direct Labor = 100% * 400.4= $ 40,040

Factory Overhead = 150% * 400.4= $ 60,060

8 0
1 month ago
Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assem
Scilla [3833]

Response:

Overall cost= $753.75

Details:

Given the following details:

The established overhead rates:

Assembly= $13 per direct labor-hour

Testing & Packaging= $9.00 per direct labor-hour.

The direct labor wage rate for the company is $16.00 per hour.

For Job N-60:

Assembly;

DM= 340

DL=180

Testing & Packaging:

DM= 25

DL= 40

To determine the applied overhead for each section, we first need to find the direct labor hours:

Assembly= 180/16= 11.25 hours

Testing= 40/16= 2.5 hours

Now, we can distribute the overhead:

Assembly= 11.25 hours*13= $146.25

Testing= 2.5 hours*9= $22.5

Overall cost= DM + DL + Allocated overhead

Overall cost= (340 + 25) + (180 + 40) + (146.25 + 22.5)= $753.75

8 0
1 month ago
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