Limited access

Upgrade to access all content for this subject

When using the high-low method of cost estimation, the two observations used are:

A

the observation with the highest value of the independent variable and the observation with the lowest value of the independent variable.

B

the observation with the highest value of the dependent variable and the observation with the lowest value of the dependent variable.

C

the observation with the highest value of the independent variable and the observation with the lowest value of the dependent variable.

D

the observation with the lowest value of the dependent variable and the observation with the highest value of the independent variable.

Select an assignment template