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Figure 3-12

question 8

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Figure 3-12.The method of least squares was used to develop a cost equation to predict the cost of monthly equipment maintenance. The following computer output was received:
Figure 3-12.The method of least squares was used to develop a cost equation to predict the cost of monthly equipment maintenance. The following computer output was received:    The driver used was the number of machine hours. -Refer to Figure 3-12. What was the cost formula for equipment maintenance? A)  total maintenance cost = $25 * machine hours B)  total maintenance cost = $32,000 C)  total maintenance cost = $32,000 + ($25 * machine hours)  D)  None of these are correct. The driver used was the number of machine hours.
-Refer to Figure 3-12. What was the cost formula for equipment maintenance?


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