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AICPA每日一练之BEC【2016-1-25】

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A management accountant performs a linear regression of maintenance cost vs. production using a computer spreadsheet. The regression output shows an “intercept” value of $322,897. How should the accountant interpret this information?

A. Maintenance cost has an average value of $322,897.

B. Y has a value of $322,897 when X equals zero.

C. X has a value of $322,897 when Y equals zero.

D. The residual error of the regression is $322,897.

Answer:B

B is corrent. The general form of the linear regression equation is y = a (the intercept) + bx. Therefore, when x equals 0, y is equal to a (the intercept).

A is incorrect. The intercept is a constant term.

C is incorrect. It reverses the independent and dependent variables in the equation.

D is incorrect. The residual error is a random variable with an expected value of zero.

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