Which statements about a scattergraph is correct

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Problem 1: Which of the following statements about a scattergraph is correct?

a) it is the most accurate way of estimating the variable and fixed elements of a fixed cost

b) it is an effective way of determining if the cost behaviour is linear

c) it will always yield the same results as the high-low method

d) provides only one correct cost formula in the form of Y=a+bx

Reference no: EM132720185

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