Thane Company is interested in establishing the relationship between electricity costs and machine hours.Data have been collected and a regression analysis prepared using Excel.The monthly data and the regression output follow:
Based on the results of the regression analysis,the estimate of electricity costs in a month with 2,200 machine hours would be: (rounded to the nearest whole dollar)
A) $3,727.
B) $16,421.
C) $15,180.
D) $22,825.
Correct Answer:
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