Thul Company Is Interested in Establishing the Relationship Between Electricity

question 49

Multiple Choice

Thul 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: 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.

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