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Author Question: Your client's company wants to determine the relationship between its monthly operating costs and a ... (Read 107 times)

asmith134

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Your client's company wants to determine the relationship between its monthly operating costs and a potential cost driver. The output of regression analysis showed the following information:
Intercept Coefficient = 89,620
X Variable 1 Coefficient = 62.53
R-square = 0.9852

What is the company's monthly cost equation?
◦ y = $89,620x + $62.98
◦ y = $62.53x + $89,620
◦ y = $98.52x + $89,620
◦ y = $89,620x + $98.52


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Marked as best answer by asmith134 on Jan 5, 2020

ecabral0

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asmith134

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Reply 2 on: Jan 5, 2020
YES! Correct, THANKS for helping me on my review


AngeliqueG

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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