Based on the results of the regression analysis,the estimate of administrative costs in a month with 1,000 credit hours would be:
A)$198,808.
B)$201,000.
C)$199,969.
D)$96,409.

Question

Quizplus · Accepted Answer

The estimate of administrative costs for a month with 1,000 credit hours is given by the equation: 
Y = 99,191 + 100.778(X)
where Y is the estimated administrative costs and X is the number of credit hours. 
Substituting X = 1,000, we get: 
Y = 99,191 + 100.778(1,000) 
Y = 199,969.16 
Rounding to the nearest dollar, the estimate of administrative costs is $199,969. Therefore, the best choice is C.

Based on the Results of the Regression Analysis,the Estimate of Administrative