Exhibit 5-6
Regression analysis for Barton Industries results in the following output.
$$\begin{array} { l r }
&\text { Coefficients } \
\text { $ Y $ Intercept } & 880 \
\text { $ X $ Variable } & 1,016.75
\end{array}$$
-Refer to Exhibit 5-6.Assume Barton Industries will produce 500 units next month.What are the total estimated production costs for the month?
A)$441,016.75
B)$508,375.00
C)$509,255.00
D)$880.00
E)None of the answer choices is correct.

Question

Exhibit 5-6
Regression analysis for Barton Industries results in the following output.
 $$\begin{array} { l r } 
&\text { Coefficients } \ 
\text { $ Y $ Intercept } & 880 \
\text { $ X $ Variable } & 1,016.75 
\end{array}$$
-Refer to Exhibit 5-6.Assume Barton Industries will produce 500 units next month.What are the total estimated production costs for the month?
A)$441,016.75
B)$508,375.00
C)$509,255.00
D)$880.00
E)None of the answer choices is correct.

Quizplus · Accepted Answer

The total estimated production costs for the month are $509,255.00. This is calculated by multiplying the $ X $ variable (500 units) by the $ X $ variable coefficient (1,016.75) and adding the $ Y $ intercept (880).

Exhibit 5-6 Regression Analysis for Barton Industries Results in the Following

Exhibit 5-6
Regression Analysis for Barton Industries Results in the Following