The Eastwood Company Used Regression Analysis to Predict the Annual

question 131

Multiple Choice

The Eastwood Company used regression analysis to predict the annual cost of utilities. The results were as follows: Utilities Cost
Explained by Direct Labor Hours
$\begin{array} { l r } \text { Constant } & \$ 9,650 \\ \text { Standard error of Y estimate } & \$ 875.20 \\ \text { R - squared } & 0.8650 \\ \text { No. of observations } & 33 \\ \text { Degrees of freedom } & 31 \\ & \\ \text { X coefficients) } & 4.937 \\ \text { Standard error of coefficients) } & 0.997 \end{array}$ The variable cost per direct labor hour is _____.

• A)$875.20
• B)$0.865
• C)$4.937
• D)$0.997

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