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Author Question: Ben and Mildred's Stables used two different independent variables (trainer hours and number of ... (Read 171 times)

LaDunn

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on: Mar 6, 2021
Ben and Mildred's Stables used two different independent variables (trainer hours and number of horses) in two different equations to evaluate the cost of training horses. The most recent results of the two regressions are as follows: 

Trainer's hours:
VariableCoefficientStandard Errort-Value
Constant$1,005.45$217.524.61
Independent Variable$22.54$3.237.40
r2 = 0.56

Number of horses:
VariableCoefficientStandard Errort-Value
Constant$5,240.20$1,180.324.44
Independent Variable$951.73$271.854.75
r2 = 0.63


What is the estimated total cost for the coming year if 14,700 trainer hours are incurred and the stable has 310 horses to be trained, based upon the best cost driver?
◦ $7,992.85
◦ $300,276.50
◦ $332,343.45
◦ $13,995,671.20
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by LaDunn on Mar 6, 2021

joshbk44

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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LaDunn

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

marict

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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