The Schmidt Company Used Regression Analysis to Predict the Annual

question 38

Multiple Choice

The Schmidt Company used regression analysis to predict the annual cost of indirect materials. The results were as follows:
-The linear cost function is

• A) Y = $4,378 + $2.35X.
• B) Y = $ 912 + $1.03X.
• C) Y = $4,020 + $0.92X.
• D) Y = $ 918 + $0.44X.

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