Valle Crucis Corporation Wanted to Determine the Relationship Between Its

question 188

Multiple Choice

Valle Crucis Corporation wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis showed the following information (note: only a portion of the regression analysis results is presented here) : What is the variable cost per machine hour (rounded to the nearest cent) ?

• A)$67.59
• B)$2,945.95
• C)$0.99
• D)$0.72

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Definitions:

Currency Formatting

Currency formatting involves the display of numerical data as money, adhering to the local or specified currency conventions, including the appropriate currency symbol and decimal placement.

Java.util

A package in Java that contains collections frameworks, legacy collection classes, event model, date and time facilities, and various utility classes.

Printf Method

A method in programming, often seen in languages like C and Java, used for formatted output to console or a file.

Formatting Instructions

Guidelines or commands that specify how data should be presented or formatted, often used in programming to improve the readability or appearance of output.