An estimated coefficient, which indicates degree by which estimated values are affected by random factors is known as
A. standard error of estimated coefficient
B. weighted error of estimated coefficient
C. average of estimated coefficient
D. variance of estimated coefficient
Answer: Option A
Solution(By Examveda Team)
An estimated coefficient, which indicates degree by which estimated values are affected by random factors is known as standard error of estimated coefficient.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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