Questions: Question 34: In regression equation Y= 8000+ (per unit cost x number of units). 90000 is a
A. constant
B. variable
C. expression
D. base and exponent
Transcript text: Question 34: In regression equation $Y=\$ 8000+$ (per unit cost $x$ number of units). $\$ 90000^{\circ}$ is a $\qquad$
A. constant
B. variable
C. expression
D. base and exponent
Solution
Solution Steps
To determine what $\$ 90000^{\circ}$ represents in the context of the regression equation, we need to analyze the components of the equation. The regression equation given is $Y = \$ 8000 + (\text{per unit cost} \times \text{number of units})$. Here, $\$ 8000$ is a constant term, and the term involving the per unit cost and number of units is a variable term. The term $\$ 90000^{\circ}$ does not fit into the standard components of a regression equation, so we need to interpret it based on the given options.
Step 1: Analyze the Regression Equation
The given regression equation is:
\[ Y = \$ 8000 + (\text{per unit cost} \times \text{number of units}) \]
Step 2: Identify the Components
In this equation:
\(\$ 8000\) is a constant term.
\(\text{per unit cost} \times \text{number of units}\) is a variable term.
Step 3: Interpret the Term \(\$ 90000^{\circ}\)
The term \(\$ 90000^{\circ}\) does not fit into the standard components of a regression equation. We need to interpret it based on the given options:
A. constant
B. variable
C. expression
D. base and exponent
Step 4: Determine the Correct Option
Given the context of the regression equation, \(\$ 90000^{\circ}\) is best interpreted as a constant term.