\begin{tabular}{|r|r|r|} \hline & \multicolumn{1}{|c|}{ A } & \multicolumn{1}{|c|}{ B } \\ \hline 1 & Overhead Costs & Billable Hours \\ \hline 2 & 315000 & 3000 \\ \hline 3 & 365000 & 4000 \\ \hline 4 & 385000 & 5000 \\ \hline 5 & 438000 & 6000 \\ \hline 6 & 520000 & 7000 \\ \hline 7 & 540000 & 8000 \\ \hline \end{tabular} Click the icon to view the monthly data. a. Develop a simpie linear regression model besween billable hours and ovorthead costs: Oyerhead Costs an Eullable Hours b. Interpref the coellicients af your regression model. Specificaly, what does the fixed component of the model mean to the consuling fem? interpret the fixed term, bo, if appropriate. Choose the correct answer below. A. The value of b0 is the predicted overhead costs for 0 billable hours. 8. For each increase of t unit in bilable hours, the predcted overhesd costs are ostimated to incroase by bo: c. The value of bj is the predicted bilable hours for an overhead cost of 0 dollars. D. It is nok appeopriate to interpret bo, because ts value is the prodicted bllablo hours for ovorhead costs of 0 dollars, but the frm cannot have overhead eass of 0 dolars assosiated with a client. E. For each increase of 1 unit in overtead costs, the predicted billable hours are ostinated to increase by bo- F. It is not appropriate to interpret b0, because its value is the predicted overhead costs for o bllable hours, but someone with 0 bilable hours would not achialy be a dient of the fim. Interpret the coefficient of billable hours, b1, If apprepriate. Choose the correct answer below A. For each increase of 1 uns in billable hours, the presicted overhead costs are estmated to increase by b. B. It is not appropriate to interpret b4, because its value is the predicted billabie hours fot overheod costs of D dolars, but the frm cannot have ovehead coets of 9 dellars aesodiand wat a ciont. C. The value of b1 is the predicted billable hours for an overhead cost of 0 doftars: D. The value of b, is the predicted overhead coets for 0 billable hours. E. It is not appropriate to interpret by, because its value is the predicted overhead costs for 0 biftable hours, but sameche with o billatie hous would not actualy be a dient at the fim F. For each increase of 1 unit in overhead costs, the predicted billable hours are essmated to incresse by b. Since the predicted orehead costs of a cient with 7,500 b a able hours would be 5 which is the margin of $340,000 beloce overhead, the job be atractive. (Round to the nearest dollar as noeded)