The Results of the Regression Analysis to Estimate Delivery Costs

question 66

Multiple Choice

The results of the regression analysis to estimate delivery costs are as follows:
Which of the following is an appropriate cost equation based on the above regression output?

• A) Delivery costs = $366.39 + $0.58 X₁, where X₁ is the number of cargos.
• B) Delivery costs = $0.662 + $2.985 X₁, where X₁ is the number of cargos.
• C) Delivery costs = $242.51 + $1.74 X₁, where X₁ is the number of cargos.
• D) Delivery costs = $48861.07 + $1.74 X₁, where X₁ is the number of cargos.

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Definitions:

Fluoride

A mineral compound often added to drinking water and dental products to help strengthen teeth and prevent cavities.

Plastic Bottles

Containers made from plastic materials used for storing liquids such as water, soft drinks, and other beverages.

Recycling

The process of converting waste materials into new materials and objects, aiming to reduce consumption of fresh raw materials, energy usage, and air and water pollution.

King Edward III

A monarch who reigned over England from 1327 to 1377, known for his military success and for starting the Hundred Years' War against France.