What would be the cost equation if regression analysis is used?
A)Maintenance Costs = 7.2884 + 684.65 $\times$ Hours of Activity
B)Maintenance Costs = 684.65 + 49.515 $\times$ Hours of Activity
C)Maintenance Costs = 684.65 + 7.2884 $\times$ Hours of Activity
D)Maintenance Costs = 34.469 + .99724 $\times$ Hours of Activity

Question

Quizplus · Accepted Answer

In regression analysis, the cost equation is typically in the form of Y = a + bX, where 'a' is the fixed cost and 'b' is the variable cost per unit of activity. Here, 684.65 is the fixed cost and 7.2884 is the variable cost per hour of activity.

What Would Be the Cost Equation If Regression Analysis Is ×\times×

What Would Be the Cost Equation If Regression Analysis Is $\times$