The Results of the Regression Analysis to Estimate Delivery Costs

question 74

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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