Yesterday Company used regression analysis to predict the annual cost of indirect materials.The results were as follows: The linear cost function is ________ where Y = Total indirect materials cost and X = Number of units produced.
A)Y = $2.1876 + $9,960X
B)Y = $11.75 + $14,885X
C)Y= $9,960 + $14,885X
D)Y = $14,885 + 11.75X

Question

Yesterday Company used regression analysis to predict the annual cost of indirect materials.The results were as follows:  The linear cost function is ________ where Y = Total indirect materials cost and X = Number of units produced.
A)Y = $2.1876 + $9,960X 
B)Y = $11.75 + $14,885X 
C)Y= $9,960 + $14,885X 
D)Y = $14,885 + 11.75X

Quizplus · Accepted Answer

The Answer of Yesterday Company used regression analysis to predict the annual cost of indirect materials.The results were as follows:  The linear cost function is ________ where Y = Total indirect materials cost and X = Number of units produced.
A)Y = $2.1876 + $9,960X 
B)Y = $11.75 + $14,885X 
C)Y= $9,960 + $14,885X 
D)Y = $14,885 + 11.75X

Yesterday Company Used Regression Analysis to Predict the Annual Cost