The Rockford Company Used Regression Analysis to Predict the Annual

question 106

Multiple Choice

The Rockford Company used regression analysis to predict the annual cost of utilities. The results were as follows: Utilities Cost
Explained by Direct Labor Hours
$\begin{array}{lr}\text { Constant } & \$ 2,500 \\\text { Standard error of Y estimate } & \$ 595.20 \\\text { R - squared } & 0.8650 \\\text { No. of observations } & 30 \\\text { Degrees of freedom } & 28 \\& \\\text { X coefficients) } & 2.037 \\\text { Standard error of coefficients) } & 0.917\end{array}$ The total fixed cost is ____.

• A)$2,500
• B)$595.20
• C)$2.037
• D)none of these answers is correct

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