The Reynolds Company Used Regression Analysis to Predict the Annual

question 127

Multiple Choice

The Reynolds Company used regression analysis to predict the annual cost of utilities. The results were as follows: Utilities Cost
Explained by Direct Labor Hours
$\begin{array}{lr}\text { Constant } & \$ 7,650 \\\text { Standard error of Y estimate } & \$ 245.20 \\\text { R - squared } & 0.8650 \\\text { No. of observations } & 30 \\\text { Degrees of freedom } & 28 \\& \\\text { X coefficients) } & 8.437 \\\text { Standard error of coefficients) } & 0.917\end{array}$ The linear cost function is_____.

• A)Y = $7,650 + $8.437X
• B)Y = $245.20 + $8.437X
• C)Y = $7,650 + $0.0917X
• D)none of these answers is correct

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