The Schmidt Company used regression analysis to predict the annual cost of indirect materials. The results were as follows:
-The linear cost function is
A) Y = $4,378 + $2.35X.
B) Y = $ 912 + $1.03X.
C) Y = $4,020 + $0.92X.
D) Y = $ 918 + $0.44X.

Question

The Schmidt Company used regression analysis to predict the annual cost of indirect materials. The results were as follows: 
-The linear cost function is
A) Y = $4,378 + $2.35X. 
B) Y = $ 912 + $1.03X. 
C) Y = $4,020 + $0.92X. 
D) Y = $ 918 + $0.44X.

Quizplus · Accepted Answer

The Answer of The Schmidt Company used regression analysis to predict the annual cost of indirect materials. The results were as follows: 
-The linear cost function is
A) Y = $4,378 + $2.35X. 
B) Y = $ 912 + $1.03X. 
C) Y = $4,020 + $0.92X. 
D) Y = $ 918 + $0.44X.

The Schmidt Company Used Regression Analysis to Predict the Annual