Thane Company Is Interested in Establishing the Relationship Between Electricity

question 106

Multiple Choice

Thane Company is interested in establishing the relationship between electricity costs and machine hours.Data have been collected and a regression analysis prepared using Excel.The monthly data and the regression output follow: $$\begin{array} { | l | r | r | } \hline \text { Month } & \text { Machine Hours } & \text { Electricity Costs } \\\hline \text { January } & 2,500 & 18,400 \\\hline \text { February } & 2,900 & 21,000 \\\hline \text { March } & 1,900 & 13,500 \\\hline \text { April } & 3,100 & 23,000 \\\hline \text { May } & 3,800 & 28,250 \\\hline \text { June } & 3,300 & 22,000 \\\hline \text { Juby } & 4,100 & 24,750 \\\hline \text { August } & 3,500 & 22,750 \\\hline \text { September } & 2,000 & 15,500 \\\hline \text { October } & 3,700 & 26,000 \\\hline \text { November } & 4,700 & 31,000 \\\hline \text { December } & 4,200 & 27,750 \\\hline\end{array}$$

Based on the results of the high-low analysis,the estimate of electricity costs in a month with 2,200 machine hours would be:

• A) $15,375.
• B) $22,825.
• C) $15,180.
• D) $16,427.

---

Definitions:

Gatekeeper

An individual or entity that controls access to something, typically information or resources, and decides who gets access to them.

Opinion Leader

An individual who influences others' attitudes or behaviors due to their expertise, knowledge, or position within a social network.

Initiator

An individual or entity that begins or triggers an action or process.

Informational Influence

The process where individuals change their opinions or behaviors to align with those of a group or society, based on the information or evidence presented by the group.