The H.W.Grant Corporation used regression analysis to predict the annual cost of indirect materials.The results were as follows:

What is the cost estimation equation?
A)Y = $15,640 + $11.25X
B)Y = $3,600 + $8.67X
C)Y = $19,240 + $5.14X
D)Y = $12,040 + $11.25X

Question

The H.W.Grant Corporation used regression analysis to predict the annual cost of indirect materials.The results were as follows:

What is the cost estimation equation?
A)Y = $15,640 + $11.25X 
B)Y = $3,600 + $8.67X 
C)Y = $19,240 + $5.14X 
D)Y = $12,040 + $11.25X

Quizplus · Accepted Answer

The Answer of The H.W.Grant Corporation used regression analysis to predict the annual cost of indirect materials.The results were as follows:

What is the cost estimation equation?
A)Y = $15,640 + $11.25X 
B)Y = $3,600 + $8.67X 
C)Y = $19,240 + $5.14X 
D)Y = $12,040 + $11.25X

The HWGrant Corporation Used Regression Analysis to Predict the Annual Cost