The Ford Company used regression analysis to predict the annual cost of utilities.The results were as follows: The linear cost function is ________ where Y = Total utilities cost and X = Number of direct labor hours.
A)Y = $2,500 + $2.037X
B)Y = $2.037 + $2,500X
C)Y = $595 + $0.865X
D)Y = $2,500 + $0.865X

Question

The Ford Company used regression analysis to predict the annual cost of utilities.The results were as follows:  The linear cost function is ________ where Y = Total utilities cost and X = Number of direct labor hours.
A)Y = $2,500 + $2.037X 
B)Y = $2.037 + $2,500X 
C)Y = $595 + $0.865X 
D)Y = $2,500 + $0.865X

Quizplus · Accepted Answer

The Answer of The Ford Company used regression analysis to predict the annual cost of utilities.The results were as follows:  The linear cost function is ________ where Y = Total utilities cost and X = Number of direct labor hours.
A)Y = $2,500 + $2.037X 
B)Y = $2.037 + $2,500X 
C)Y = $595 + $0.865X 
D)Y = $2,500 + $0.865X

The Ford Company Used Regression Analysis to Predict the Annual