3 3 01645 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, Machine Electricity Month Hours Costs January 3,100 $18,700 February 3,500 $21,600 March 2,500 513,800 Apr 11 3,700 523,600 May 4,400 $28,550 June 3,900 922.600 July 4,700 $25,050 August 4,100 $21,050 September 2.600 516,100 October 4.300 25,600 November 5,800 $31,600 December 5,400 $28.050 Summary Output Regression Statistics Multiple 0.967 quare 0.090 Mjusted 0.882 3 Summary Output Regression Statistics Multiple R 0.947 R Square 0.897 Adjusted R2 0.887 Standard Error 1,753.98 Observations 12.00 & om Intercept Machine Hours Coefficients Standard Errort Stat -value Lower 95 Upper 951 3,276.27 2,145.85 1.76 0.11 1.004.49) 8.558.03 0.52 9.35 0.00 3.71 6.04 Based on the result of the high low analysis, the estimate of orectric costs in a month with 2.000 machine hours would be (Round machine hour to 2 decimal places and all other dollar amounts to nearest whole dollar) Multiple Choice BITA 3 Multiple Choice 01:55.54 O $17426. $15.430 $15.535 $2439