The Brady Corporation Used Regression Analysis to Predict the Annual

question 113

Multiple Choice

The Brady Corporation used regression analysis to predict the annual cost of indirect materials. The results were as follows: Indirect M aterials Cost
Explained by Units Produced
$\begin{array}{cc}\text { Constant } & \$ 13,885 \\\text { Standard error of } Y \text { estimate } & \$ 9,560 \\\text { R - squared } & 0.7832 \\\text { No. of observations } & 22 \\\text { Degrees of freedom } & 20\\\text { X coefficient }(s) & 11.75 \\\text { Standard error of coefficient(s) } & 2.1876\end{array}$ The total fixed cost is:

• A) $20,100
• B) $15,664
• C) $13,885
• D) $9,560

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