The HWGrant Corporation Used Regression Analysis to Predict the Annual Cost

question 81

Multiple Choice

The H.W.Grant Corporation used regression analysis to predict the annual cost of indirect materials.The results were as follows:

What is the cost estimation equation?

• A)Y = $15,640 + $11.25X
• B)Y = $3,600 + $8.67X
• C)Y = $19,240 + $5.14X
• D)Y = $12,040 + $11.25X