The Rock Company used regression analysis to predict the annual cost of utilities.The results were as follows: The variable cost per direct labor hour is ________.
A)$2.037
B)$595
C)$2,500
D)none of the above

Question

The Rock Company used regression analysis to predict the annual cost of utilities.The results were as follows:  The variable cost per direct labor hour is ________.
A)$2.037 
B)$595 
C)$2,500 
D)none of the above

Quizplus · Accepted Answer

Based on the regression equation given in the table, the variable cost per direct labor hour is the coefficient of the x variable (direct labor hours). Therefore, the answer is 2.037.

The Rock Company Used Regression Analysis to Predict the Annual