The Bonaduce Corporation Used Regression Analysis to Predict the Annual

question 92

Multiple Choice

The Bonaduce Corporation used regression analysis to predict the annual cost of indirect materials.The results were as follows: Indirect Materials Cost
Explained by Units Froduced
$\begin{array}{lr}\text { Constant } & \$ 21,885 \\\text { Standard error of Y estimate } & \$ 4,560 \\\text { R - squared } & 0.8232 \\\text { No. of observations } & 22 \\\text { Degrees of freedom } & 20 \\& \\\text { X coefficients) } & 7.75 \\\text { Standard error of coefficients) } & 4.4576\end{array}$ The variable cost per unit of product is _____.

• A)$4.46
• B)$0.82
• C)$2.20
• D)$7.75

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