Thul 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.

Question

Thul 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.

Quizplus · Accepted Answer

The Answer of Thul 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.

Thul Company Is Interested in Establishing the Relationship Between Electricity