6.) Statement 1. The high-low method needs three observations of costs to calculate the cost formula. Statement 2. The least-squares regression method uses all of the available data to find the best fitting line. Statement 3. The calculations in the least-squares regression method is always accurate in all data sets between any kind of activity and cost. Which of the following is true? Group of answer choices Statement 1 Statement 3Statements 1 and 3Statements 1 and 2 Statements 2 and 3 Statement 2
6.)
Statement 1. The high-low method needs three observations of costs to calculate the cost formula.
Statement 2. The least-squares regression method uses all of the available data to find the best fitting line.
Statement 3. The calculations in the least-squares regression method is always accurate in all data sets between any kind of activity and cost.
Which of the following is true?
Group of answer choices
Statement 1
Statement 3Statements 1 and 3Statements 1 and 2
Statements 2 and 3
Statement 2
7.)
Which of the following statements is true about broker markets?
Group of answer choices
Brokers’ extensive contacts provide them with a pool of price information that individual investors could easily duplicate themselves, and hence not really value adding.
Investors have an incentive to hire a broker because what they charge as a commission is less than the cost of direct search.
Brokers can guarantee an order because they have an inventory of securities.
Brokers bring buyers and sellers together to earn a margin, called a bid-ask spread.
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