The value, which measures that how large is the value of standard error in relevance to value of estimated coefficient, is termed as __________?
Correct answer: A. t-value
- A. t-value
- B. b-value
- C. d-value
- D. c-value
Explanation
The t-value compares an estimated coefficient with its standard error, commonly calculated as coefficient divided by standard error. It indicates how large the coefficient is relative to the uncertainty in its estimate.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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