Handson Yacht Rentals Generated the Following Regression Based on the Number

question 70

Multiple Choice

Handson Yacht Rentals generated the following regression based on the number and cost of daily rentals of its yachts during May: $\begin{array}{lr}\text { SUMMARY OUTPUT }\\\hline\text { Regression Statistios }\\\hline\text { Multiple R } & 0.825358 \\\text { R Square } & 0.681216 \\\text { Adj RSquare } & 0.656695 \\\text { Stand.Error } & 39.35892 \\\text { Observations } & 15\\\hline \end{array}$
$\text { ANOVA }$
$\begin{array}{lrrrrr}&df&SS&MS&F&sig F\\\hline \text { Regression } & 1 & 43,034.7 & 43,034.71 & 27.780017 & 0.000151 \\\text { Residual } & 13 & 20,138.6 & 1,549.12 & & \\\text { Total } & 14 & 63,173.3 & & &\end{array}$

$\begin{array}{lrrrrrrrr}&\text { Coefficients }&\text { Std Error } & \text { tStat } & \text { P-value } & \text { Lower } & \text { Upper } & \text { Lower } & \text { Upper } \\&&&&&95 \% & 95 \% & 95 \% & 95 \%\\\hline \text { Intercept } & 2621.21 & 101.8073 & 2.626725 & 0.020917 & 47.478460 & 487.3612 & 47.478460 & 487.3612 \\\text { X variable 1 } & 35.58 & 6.1023 & 5.270675 & 0.000151 & 18.980154 & 45.3467 & 18.980154 & 45.3467 \\\hline\end{array}$ If Handson Yacht Rentals provides 45 yacht rentals during June, how much is its total cost for rentals?

• A)$1,601
• B)$4,222
• C)$4,581
• D)$63,173

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