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34 21 points The Business School at Eastern College is collecting data as a first step in the preparation of next year's budget. One
34 21 points The Business School at Eastern College is collecting data as a first step in the preparation of next year's budget. One cost that is being looked at closely is administrative staff as a function of student credit hours. Data on administrative costs and credit hours for the most recent 13 months follow Month July August September October 129,301 82,613 Administrative Costs Credit Hours $ 370 391 228,580 1,560 216,394 2,146 & om November 258,263 2,179 December 184,449 2,072 January 219,137 2,293 February 245,000 3,653 March 209,642 3,632 April 191,925 2,005 May 249,978 2,494 June 170,418 942 July 128,167 621 Total $2,513,867 24,358 $ 193,374 1,874 Average The controller's office has analyzed the data and given you the results from the regression analysis, as follows. SUMMARY OUTPUT Regression Statistics Multiple R R Square Standard Error Adjusted R Square Observations 0.78599751 0.617792090 0.583045920 34376.94300 13
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