Midose's Stables Used Two Different Independent Variables (Trainer Hours and Number

question 95

Multiple Choice

Midose's Stables used two different independent variables (trainer hours and number of horses) in two different equations to evaluate the cost of training horses.The most recent results of the two regressions are as follows: Trainer's hours:
$\begin{array}{lrrr}\text { Variable }& \text { Coefficient } & \text { Standard Error } & \text { t-Value }\\\text { Constant } & \$ 1,004.65 & \$ 217.93 & 4.61 \\\text { Independent Variable } & \$ 22.99 & \$ 3.23 & 7.11\\r62=0.56\end{array}$ Number of horses:
$\begin{array}{lrrr}\text { Variable }& \text { Coefficient } & \text { Standard Error } & \text { t-Value }\\\text { Constant } & \$ 5,240.95 & \$ 1,180.40 & 4.44 \\\text { Independent Variable } & \$ 951.48 & \$ 271.85 & 3.50\\r62=0.63\end{array}$ What is the estimated total cost for the coming year if 15,000 trainer hours are incurred and the stable has 350 horses to be trained,based upon the best cost driver?

• A) $96,327.90
• B) $338,258.95
• C) $345,854.65
• D) $14,277,440.95

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Definitions:

Family Poverty

Family poverty refers to families living with income levels below the poverty line, leading to challenges in meeting basic needs such as food, shelter, and healthcare.

Stress

A physical, mental, or emotional factor that causes bodily or mental tension and may be a factor in disease causation.

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Someone who attacks others and who is attacked as well. (Also called provocative victim because they do things that elicit bullying.)

Rejected Bully

An individual, often a child or adolescent, who is both aggressive towards others and excluded or rejected by peers.