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Thul Company Is Interested in Establishing the Relationship Between Electricity

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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: 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 regression analysis,the estimate of electricity costs in a month with 2,200 machine hours would be: (rounded to the nearest whole dollar)  A) $3,727. B) $16,421. C) $15,180. D) $22,825. Based on the results of the regression analysis,the estimate of electricity costs in a month with 2,200 machine hours would be: (rounded to the nearest whole dollar)


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